The market value of an available-for-sale security has increased from the last carrying value. The journal entry to record this increase will include:
A) a debit to the Allowance to Adjust Investment to Market.
B) a credit to the Allowance to Adjust Investment to Market.
C) a debit to the Unrealized Gain on Investment.
D) no adjustment is required.
Correct Answer:
Verified
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A) is a separate section
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