Markot Corporation Purchased $400,000 of Securities and Classified Them as Available-For-Sale.The
Multiple Choice
Markot Corporation purchased $400,000 of securities and classified them as available-for-sale.The market value of the securities went up to $475,000.Markot Corporation should ________.
A) show these securities on its balance sheet at their market value
B) report a holding gain on its income statement
C) report a holding loss on its income statement
D) report an unrealized gain on its income statement
Correct Answer:

Verified
Correct Answer:
Verified
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