Question: Clara Corp. does not elect to use the fair value option to report financial assets. For marketable debt securities included in Clara's held - to

Clara Corp. does not elect to use the fair value option to report financial assets. For marketable debt securities included in Clara's held-to-maturity portfolio, which of the following amounts should be included in the period's net income?
I.Unrealized temporary losses during the period.II.Gains on securities sold during the period.III.Permanent decline in value.
Question 16 options:
II and III.
II only.
III only.
I, II, and III.

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