The Allowance to Adjust Investment in Available-For-Sale Securities to Market

question 158

Multiple Choice

The Allowance to Adjust Investment in Available-for-Sale Securities to Market account has a current credit balance of $1200 after the adjustment at year-end. Available-for-sale investments have a fair value of $21,000. The original cost of the investments was $22,200. The carrying value of the investments is:

• A)$23,400.
• B)$19,800.
• C)$21,000.
• D)$22,200.

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Definitions:

Highest Value

The largest number or amount in a given set or series of data.

Range

A set of cells or values specified within a spreadsheet or database operations, often defined by the starting and ending points.

Row Height

The vertical measurement of a row in tables or spreadsheets.

Best Fit

A method or algorithm that finds the most efficient or optimal way to accomplish a task, such as arranging data or allocating resources.