Question: 11. The generally accepted accounting principles for trading securities include all of the following except a. initially recording the investment at cost. b. subsequently valuing

11. The generally accepted accounting principles for trading securities include all of the following except

a. initially recording the investment at cost.

b. subsequently valuing the investment at fair value.

c. including unrealized holding gains and losses as a component of shareholders' equity.

d. including interest and dividend revenue as part of income.

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