Maps Which of the following statements regarding the income statement and balance sheet treatment of securities classified as trading securities is most accurate? They are carried at: cost on the balance sheet and realized and unrealized gains are taken to the income statement fair market value on the balance sheet with unrealized gains and losses excluded from income and reported as a separate component of shareholders equity. fair market value on the balance sheet with unrealized gains and losses reported in income statement fair market value on the balance sheet with realized gains and losses reported in income statement cost on the balance sheet and coupon receipts are considered income