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Which of the following is not true about the fair value option? a. All of these answer choices are true. b. The fair value option

Which of the following is not true about the fair value option?

a. All of these answer choices are true.

b. The fair value option is irrevocable.

c. Electing the fair value option for held-to-maturity investments simply reclassifies those investments as trading securities.

d. The fair value option must be elected for all shares of an investment in a particular company.

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