Nola Co$.$ has a portfolio of marketable equity securities which it does not intend to sell in the near term. How should Nola classify these securities$,$ and how should it report unrealized gains and losses from these securities under USGAAP?

Classify as

Report as a

A$)$ Available$-$for$-$sale

B$)$ Trading Securities

C$)$ Available$-$for$-$sale

D$)$ Trading Securities

Components of other comprehensive income

Components of other comprehensive income

Components of continuing Operating income

Components of continuing Operating income