QUESTION 6 5 points Saved All of the following statements regarding accounting for trading debt securities under U.S. GAAP are true except: Any prior period fair value adjustment to the portfolio is not used to compute the gain or loss from sale of individual transactions. O An unrealized gain or loss from a change in fair value is reported in the ind The entire portfolio of trading securities is reported at fair value. A realized gain or loss is recorded when the securities are sold and reported in the income statement. When the period-end fair value adjustment for the portfolio of trading securities is computed, it includes the cost and fair value of any securities sold. QUESTION 7 5 points Saved