QUESTION 4 Which of the following investment securities are not reported at fair value in its balance sheet? O Common stock held as available for sale securities. O Debt securities held to maturity. O Preferred stock held as trading securities. O All of these answer choices are reported at fair value. QUESTION 5 If a company has declared bankruptcy, its financial statements likely violate: The fair value measurement approach. The present value measurement approach. O The stable monetary unit assumption. The going concern assumption. QUESTION 6 When a company repurchases its own shares of the stock, which of the following describes the proper accounting treatment? O the shares are treated as an investment security O the shares are treated as contra-equity O the shares are treated as contra-assets O the shares are treated as a reduction to paid in capital