Westside Corporation Had an Investment in Available-For-Sale Securities of $70,000

question 89

Multiple Choice

Westside Corporation had an investment in available-for-sale securities of $70,000. This investment experienced an unrealized loss of $5000 during the year. Westside Corporation had a balance in its available-for-sale account of $169,000 at year end. Ignoring income taxes, the effect of this loss on comprehensive income will be:

• A)$70,000 increase.
• B)$65,000 decrease.
• C)$104,000 increase.
• D)$5000 decrease.

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Definitions:

Vitamins

Organic compounds that organisms need in small amounts for various biochemical functions and are essential for normal growth and metabolism.

Bile Salts

Components of bile, which aid in the digestion and absorption of fats in the small intestine.

Sodium Bicarbonate

A chemical compound commonly known as baking soda, used in baking, as an antacid, and in various industrial applications.

Digestion of Fat

The biochemical process of breaking down fats in the body into fatty acids and glycerol, which can be used for energy or storage.