QUESTION 30

U.S. GAAP and IRS require firms to revalue certain assets and liabilities each period even though firms have not yet realized the value change in a market transaction. Which of the following is NOT one of these types of assets?

A. gains and losses on investment securities

B. gains and losses on derivatives held as cash flow hedges

C. Foreign currency adjustments for assets and liabilities in certain foreign operations

D. Restructuring plans