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 84

Multiple Choice

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

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

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