The Allowance to Adjust Investments to Market account has a current credit balance of $950 after adjustment. Available- for- sale investments have a current market value of $15,000. The carrying value of the investments is:
A) $15,000.
B) $14,050.
C) $15,950.
D) unknown. The carrying value cannot be computed without knowing the cost of the investment.
Correct Answer:
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