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Temporary investments such as in trading securities are a. Recorded at fair market value and reported at fair market value. b. Recorded at cost and

Temporary investments such as in trading securities are

a. Recorded at fair market value and reported at fair market value.

b. Recorded at cost and reported at cost.

c. Recorded at cost but reported at fair market value.

d. Recorded at cost but reported at lower of cost or fair market value.

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