The gain or loss on the sale of an investment, classified as a long-term available-for-sale-security, is measured by comparing the ________ of the investment with the ________ of the investment.
A) balance of the Allowance to Adjust Investment in AFSS to Market account; selling price
B) fair value at last balance sheet date; selling price
C) cost; selling price
D) fair value at date of sale; selling price
Correct Answer:
Verified
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