Cap Inc. has a portfolio of marketable securities that it does not intend to sell in the near future, Cap does not elect the fair value option to report these securities. Which of the below statements correctly describes the classification and reporting requirements for marketable securities held by Cap? Multiple Choice Cashould classily the table securities as available for sale securities and report unrealized gains and losses as a separato Component of other comprehensive income Cap should classify the marketable securities as available for sale securities and report an altre ans and loses a component of Income from continuing operations Cap thould clothly the marketable securities is trading securities and report unrealized cars and lomes as a separate component of other comprehenicom Cap should classify the marketable securities as trading securities and report unreated gains and losses as a component of income to continuing operations
