Multiple Choice
Westside Corporation had an investment in available-for-sale securities of $60,000.This investment experienced an unrealized loss of $7,000 during the year.Ignoring income taxes,the effect of this loss on comprehensive income will be:
A) $60,000 increase.
B) $60,000 decrease.
C) $7,000 increase.
D) $7,000 decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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