At the Beginning of the Year,an Investment in Equity Securities

Multiple Choice

At the beginning of the year,an investment in equity securities with insignificant influence was purchased for $400,000,and it has a fair value of $420,000 at the end of the year.The year-end journal entry will have a credit to:

A) Retained Earnings.
B) Unrealized Gain on Equity Securities.
C) Investment in Equity Securities.
D) Gain on Sale of Equity Securities.