Beresford Inc. purchased several investments in debt securities during 2018, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.
-What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2019 balance sheet (ignore taxes) ?
A) $55,100.
B) $26,500.
C) $10,400.
D) None of these answer choices are correct.
Correct Answer:
Verified
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