高顿网校USCPA责任小编在此为各位学员准备以下有关“有价证券”的模拟题，你能够选出正确答案吗？
　　Entities should report marketable equity securities classified as trading at:
　　a. Fair value, with holding gains and losses included in earnings.
　　b. Lower of cost or market, with holding gains included in earnings only to the extent of previously recognized holding losses.
　　c. Lower of cost or market, with holding gains and losses included in earnings.
　　d. Fair value, with holding gains included in earnings only to the extent of previously recognized holding losses.
　　Explanation
　　Choice "a" is correct. Trading securities are reported at fair value, with holding gains and losses included in earnings.
　　Choice "c" is incorrect. Lower of cost or market valuation is not permitted under IFRS or U.S. GAAP.
　　Choice "b" is incorrect. Lower of cost or market valuation is not permitted under IFRS or U.S. GAAP.
　　Choice "d" is incorrect. Trading securities are reported at fair value but there is no restriction on the recognition of holding gains.
　　小编语录：2015年起，给自己一个新开始。每天读书、养花、行走，做一个安静地时刻向上的女子。

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