Solved

An Investor in Securities Accounted for by the Equity Method

Question 24

Multiple Choice

An investor in securities accounted for by the equity method has the following information available at December 31,2012: An investor in securities accounted for by the equity method has the following information available at December 31,2012: How does the investor report the change in market value on the securities at December 31,2012? A) adjustment to Investment account B) unrealized gain of $1,000 on income statement C) adjustment to other comprehensive income account D) not reported How does the investor report the change in market value on the securities at December 31,2012?


A) adjustment to Investment account
B) unrealized gain of $1,000 on income statement
C) adjustment to "other comprehensive income" account
D) not reported

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: To compare companies that differ in size,analysts

Q22: The following information is available for the

Q23: On January 1,2010,a parent company purchased 90

Q26: The following data is available for Donald

Q27: The balance sheet for Jimmy Company is

Q28: On January 1,2012,a parent company acquired all

Q29: The balance sheet for Sesame Company at

Q84: Elimination entries avoid double-counting assets,liabilities and stockholders'

Q96: The existence of a parent company and

Q123: Research suggests that investors are not fooled