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Amacon Corporation Has the Following Investments at December 31,2016

Question 76

Multiple Choice

Amacon Corporation has the following investments at December 31,2016:
Amacon Corporation has the following investments at December 31,2016: If Amacon classifies its investment in DEF at fair value through OCI,what amount will be reported in other comprehensive income at December 31,2016? A) $3,000 loss. B) $3,000 gain. C) $5,000 gain. D) $30,000
If Amacon classifies its investment in DEF at fair value through OCI,what amount will be reported in other comprehensive income at December 31,2016?


A) $3,000 loss.
B) $3,000 gain.
C) $5,000 gain.
D) $30,000

Correct Answer:

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