Multiple Choice
Brian Company purchased 10% of the outstanding shares of Wilson Company as a long-term investment.At the end of the year the market value of the shares had increased. The increase in market value of Wilson Company shares will affect Brian Company by _____.
A) increasing assets and stockholders' equity
B) increasing stockholders' equity and decreasing investments
C) increasing investments and cash
D) having no effect
Correct Answer:
Verified
Correct Answer:
Verified
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