Amacon Corporation has the following investments at December 31, 2020:
-According to the above table.If Amacon classifies its investment in DEF at fair value through OCI, what amount will be reported in other comprehensive income at December 31, 2020?
A) $3,000 loss.
B) $3,000 gain.
C) $5,000 gain.
D) $30,000
Correct Answer:
Verified
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