Unrealized Holding Gains and Losses on Debt Securities Affect Net

Unrealized holding gains and losses on debt securities affect net income when the securities are classified as $\begin{array}{llll}& \text { Trading}& \text { Available-for-Sale}& \text { Held-to-Maturity}\\\text { I. } & \text { Yes } & \text { No } & \text { No } \\\text { II. } & \text { Yes } & \text { Yes } & \text { No } \\\text { III. } & \text { No } & \text { Yes } & \text { Yes } \\\text { IV } & \text { No } & \text { No } & \text { Yes }\end{array}$

A) I
B) II
C) III
D) IV

Correct Answer:

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