Use the Following Information for Questions 87 and 88

question 65

Multiple Choice

Use the following information for questions 87 and 88.
Instrument Corporation has the following investments which were held throughout 2014-2015:
-What amount would be reported as accumulated other comprehensive income related to investments in Instrument Corporation's balance sheet at December 31, 2014?

• A) $80,000 gain.
• B) $120,000 gain.
• C) $40,000 gain.
• D) $240,000 gain.

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Definitions:

Net Realisable Value

The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

Relevant Exchange Rates

Exchange rates that are applied to convert foreign currencies into the reporting currency, crucial for accurately recording transactions in financial statements.

Inventories Write-down

The process of reducing the book value of inventory to its market value when the market value is lower than the cost, resulting in a recognized loss.

Gain on Revaluation

occurs when an asset's carrying amount is increased due to its revaluation, indicating a rise in the fair value of the asset over its previous book value.