Solved

Use This Information to Answer the Following Question $\begin{array}{ll}\text { Long-Term Investments } & 16,000 \\\text { Realized Loss } &&16,000\end{array}$

Question 87

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: $Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to set up the Allowance to Adjust Long-Term Investments to Market in 2009 is: A) \begin{array}{ll} \text { Long-Term Investments } & 16,000 \\ \text { Realized Loss } &&16,000 \end{array} B) \begin{array}{ll} \text { Realized Los } & 16,000 \\ \text { sLong-Term Investments } &&16,000 \end{array} C) \begin{array}{llr} \text { Allowance to Adjust Long-Term Investments to Market } &16,000\\ \text { Long-Term Investments } &&16,000\\ \end{array} D) \begin{array}{llr} \text { Unrealized Loss on Long-Term Investments} &16,000\\ \text { Allowance to Adjust Long-Term Investments to Market } &&16,000\\ \end{array}$ The entry to set up the Allowance to Adjust Long-Term Investments to Market in 2009 is:

A)
$\begin{array}{ll}\text { Long-Term Investments } & 16,000 \\\text { Realized Loss } &&16,000\end{array}$

B)
$\begin{array}{ll}\text { Realized Los } & 16,000 \\\text { sLong-Term Investments } &&16,000\end{array}$

C)
$\begin{array}{llr} \text { Allowance to Adjust Long-Term Investments to Market } &16,000\\ \text { Long-Term Investments } &&16,000\\\end{array}$

D)
$\begin{array}{llr} \text { Unrealized Loss on Long-Term Investments} &16,000\\ \text { Allowance to Adjust Long-Term Investments to Market } &&16,000\\\end{array}$