1. Which of the following is true regarding the fair value option for investments that are accounted for using the equity method: 
2. 
   
3. Group of answer choices 
4. 
   
5. The election must be made for all of the firm’s investments that are accounted for using the equity method.
6. 
   
7. Unrealized gains and losses are included in other comprehensive income. 
8. 
   
9. The fair value option is an irrevocable election. 
10. 
    
11. The fair value option requires additional disclosures.

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d The fair value option requires additional disclosures Explanation The fair ... View the full answer