Multiple Choice
Investments in equity securities with insignificant influence were purchased for $400,000,and had a fair value of $410,000 at the end of the year.The adjusting entry to record this difference includes a credit to:
A) Retained Earnings.
B) Unrealized Gain on Equity Securities.
C) Investment in Equity Securities.
D) Unrealized Loss on Equity Securities.
Correct Answer:
Verified
Correct Answer:
Verified
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