Choice "D" is correct. Marketable equity securities with readily determinable fair values and all investments in debt securities are measured at fair value in the statement of financial position. Gains and losses on investments are reported in the statement of activities as increases or decreases in unrestricted net assets unless their use is temporarily or permanently restricted by explicit donor stipulations or law.
Choice "b" is incorrect. Marketable equity securities with readily determinable fair values and all investments in debt securities are measured at fair value in the statement of financial position. Gains and losses on investments are reported in the statement of activities as increases or decreases in unrestricted net assets unless their use is temporarily or permanently restricted by explicit donor stipulations or law.
Choice "c" is incorrect. Marketable equity securities with readily determinable fair values and all investments in debt securities are measured at fair value in the statement of financial position.
Choice "a" is incorrect. Marketable equity securities with readily determinable fair values and all investments in debt securities are measured at fair value in the statement of financial position.