The Fair Value of a Long-Term Available-For-Sale Security Has Increased

question 79

Multiple Choice

The fair value of a long-term available-for-sale security has increased from the last carrying value. The company uses an allowance account to adjust the investment. The journal entry to record this increase will include:

• A)a debit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
• B)a credit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
• C)a debit to the Unrealized Gain on Investment in Available-for-Sale Securities.
• D)a credit to the Unrealized Loss on Investment in Available-for-Sale Securities.

Understand the impact of sociodemographic factors on HIV/AIDS prevalence and transmission.

Acknowledge the significance of consistent use of preventive measures against HIV.

Recognize the concept of a retrovirus and its relevance to HIV.

Understand the definition and implications of being diagnosed with AIDS.

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Definitions:

Free On Board

A shipping term indicating whether the seller or the buyer is responsible for goods that are damaged or destroyed during shipping.

Sales Tax

A government-imposed charge on the sale of goods and services.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Credit Terms

Terms for payment on account by the buyer to the seller.