Question

The income statement reports changes in fair value for which type of investment securities?a. Securities reported under the equity method.b. Trading securitiesc. Held to maturity securitiesd. Securities available for sale

Answer 1

Answer: trading securities

Explanation:

An income statement is a company's financial statement and simply shows the revenues and the expenses of a company for a particular period. It shows how the company is doing whether it's running a loss or making profit.

The income statement reports changes in fair value for trading securities.