Seybert Systems accounts for its investment in Wang Engineering as available for sale. Seybert's balance in accumulated other comprehensive income with respect to the Wang investment is a credit balance of $20,000, and they list the investment at $100,000 on their balance sheet. Seybert purchased the Wang investment for (ignore taxes) :
A) $100,000.
B) $120,000.
C) 80,000.
D) cannot be determined from this information.fair value = $100,000 less unrealized gain of $20,000 = cost of $80,000.
Correct Answer:
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