Multiple Choice
An investor's available-for-sale securities had increased in market value from $50,000 to $55,000 as of the balance sheet date. Which of the following journal entries would be required?
A) Realized gain on investments 5,000 Allowance to adjust investments to market 5,000
B) Allowance to adjust investments to market 5,000 Realized gain on investments 5,000
C) Unrealized gain on investments 5,000 Allowance to adjust investments to market 5,000
D) Allowance to adjust investments to market 5,000 Unrealized gain on investments 5,000
Correct Answer:
Verified
Correct Answer:
Verified
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