Multiple Choice
The fair value of a long-term available-for-sale security has decreased from the last carrying value.The journal entry to record this decrease will include:
A) a debit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
B) a credit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
C) a credit to the Unrealized Loss on Investment in Available-for-Sale Securities.
D) a debit to the Unrealized Gain on Investment in Available-for-Sale Securities.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A U.S.company sells merchandise on account to
Q11: A company has a long-term investment in
Q12: Investments are classified as available-for-sale securities,trading securities
Q13: The journal entry to record the sale
Q16: Goodwill occurs when a parent company:<br>A)pays less
Q18: How does the receipt of a stock
Q19: The stated interest rate on a bond
Q26: The present value of a single amount
Q115: If 15% of the common stock of
Q133: The cash paid to purchase a held-to-maturity