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An entity should report the marketable equity securities that it has classified as trading at:

A. Lower of cost or market, with holding gains and losses included in earnings.

B. Lower of cost or market, with holding gains included in earnings only to the extent of previously recognized holding losses.

C. Fair value, with holding gains included in earnings only to the extent of previously recognized holding losses.

D. Fair value, with holding gains and losses included in earnings.

Accounting Auditing Banking
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Question added by Deleted user
Date Posted: 2015/02/22
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option D  >>>>>>>>>>>>>>>   Fair value, with holding gains and losses included in earnings

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct amswer is D 

thank you 

 

Sheraz Ahmad
by Sheraz Ahmad , Financial Adviser , Emirates NBD Bank (DSA)

Fair value, with holding gains and losses included in earnings

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