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Which of the following statements regarding available-for-sale debt securities is true? a. Fair value adjustments are treated as adjustments to net income. b. Fair value

Which of the following statements regarding available-for-sale debt securities is true?

a. Fair value adjustments are treated as adjustments to net income.

b. Fair value adjustments are treated as adjustments to other comprehensive income.

c. Available-for-sale securities are valued on the balance sheet at historical cost.

d. Interest revenue and fair value adjustments are netted to determine the effect on net income.

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