Multiple Choice
The market value of an 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 to Market.
B) a credit to the Allowance to Adjust Investment to Market.
C) a credit to the Unrealized Loss on Investment.
D) a debit to the Unrealized Loss on Investment.
Correct Answer:
Verified
Correct Answer:
Verified
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