How are investments in debt and equity securities valued in a private NFP organizations financial...
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Accounting
How are investments in debt and equity securities valued in a private NFP organizations financial statements?
A. Shown at cost; gains and losses appear on the statement of activities when the investment is sold.
B. Shown at market; unrealized gains and losses are reported on the statement of financial position and reclassified to the statement of activities when the investment is sold.
C. Shown at market; unrealized gains and losses are reported on the statement of activities as market value changes.
D. Shown at cost; gains and losses are reported on the statement of financial position as direct adjustments of net assets without donor restrictions when the investment is sold.
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