Multiple Choice
Investments at fair value through other comprehensive income with a cost of $22,000 have a current market value of $22,600. The adjusting entry will require a:
A) credit to other comprehensive income for $600
B) credit to Investments for $600
C) credit to Gain on Investment for $600
D) debit to Investments for $22,600
Correct Answer:
Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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