Decuzzi, Inc. paid $10,000 for a stock investment and classified it as available-for-sale. On December 31, 2011, the company appropriately recognized an unrealized increase of $3,000. The stock is reported on Decuzzi's balance sheet at December 31, 2011 at:
A) $10,000.
B) $13,000.
C) $7,000.
D) Not enough information to determine.
Correct Answer:
Verified
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