True/False
On May 15,Briar Company purchased 10,000 shares of Broder Corp.for $80,000 for its available-for-sale securities portfolio.On September 30,the stock had a market value of $85,000.The $5,000 difference must be reported on the income statement as a $5,000 gain.
Correct Answer:
Verified
Correct Answer:
Verified
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