Multiple Choice
The Allowance to Adjust Investment to Market account has a current credit balance of $979. Available- for- sale investments with a cost of $19,000 have a current market value of $20,250. The adjusting entry will require a:
A) credit to Allowance to Adjust Investment to Market for $2,229.
B) debit to Allowance to Adjust Investment to Market for $2,229.
C) debit to Allowance to Adjust Investment to Market for $271.
D) credit to Allowance to Adjust Investment to Market for $271.
Correct Answer:
Verified
Correct Answer:
Verified
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