ACE Inc has the following investments at December 31,2016:
If ACE classifies its investment in DEF at fair value through profit or loss,what amount will be reported in income for the three months ended December 31,2016 pertaining to this investment?
A) $0
B) $3,000 loss.
C) $3,000 gain.
D) $5,000 gain.
Correct Answer:
Verified
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