Multiple Choice
Brian Company purchased 10% of the outstanding shares of Wilson Company.Brian Company classifies the investments as trading securities.At the end of the year,the market value of the shares increased.The increase in market value of Wilson Company's shares will affect Brian Company by ________.
A) increasing cash and increasing investments
B) decreasing investments and increasing stockholders' equity
C) increasing investments and increasing stockholders' equity
D) increasing cash and increasing stockholders' equity
Correct Answer:
Verified
Correct Answer:
Verified
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