Multiple Choice
The Allowance to Adjust Investment in Available-for-Sale Securities to Market account has a current credit balance of $1,000 after the adjustment at year-end.Available-for-sale investments have a fair value of $20,000.The original cost of the investments was $21,000.The carrying value of the investments is:
A) $18,000.
B) $19,000.
C) $20,000.
D) $21,000.
Correct Answer:
Verified
Correct Answer:
Verified
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