Investments with a Cost of $12,000 Have a Current Market

question 60

Multiple Choice

Investments with a cost of $12,000 have a current market value of $11,612. The adjusting entry willrequire a:

• A) credit to Unrealized Loss on Investment for $388
• B) credit to Investments for $388
• C) debit to Investments for $388
• D) no entry required

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