Question: A ) They are recorded at cost when acquired. B ) They are valued at fair value. C ) They report a realized gain (

A) They are recorded at cost when acquired.
B) They are valued at fair value.
C) They report a realized gain (or loss) in a permanent asset account, Fair Value Adjustment-Stock.
D) They report any unrealized gain (or loss) in the income statement.
E) They are adjusted to fair value at the end of each period

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