During Year 7, Seven Corporation Wrote Down Marketable Equity Securities

During Year 7, Seven Corporation wrote down marketable equity securities to their market value.The journal entry made for this write-down is as follows:
Unrealized Holding Loss on Marketable Equity Securities Available for Sale ....7.000
Marketable Equity Securities Available for Sale ...........7,000
This entry

A) does affect cash but does not appear in the statement of cash flows.
B) does not affect cash but does appear in the statement of cash flows.
C) does affect cash and does appear in the statement of cash flows.
D) does not affect cash and does not appear in the statement of cash flows.
E) none of the above