Amacon Corporation Has the Following Investments at December 31,2016

question 51

Multiple Choice

Amacon Corporation has the following investments at December 31,2016:

If Amacon classifies its investment in DEF at fair value through OCI,what amount will be reported in other comprehensive income at December 31,2016?

• A)$3,000 loss.
• B)$3,000 gain.
• C)$5,000 gain.
• D)$30,000

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Definitions:

Idea

A thought or suggestion as to a possible course of action, concept, or mental impression.

Objective

A specific result that a person or system aims to achieve within a time frame and with available resources.

Goal

A desired result or achievement toward which effort is directed; an aim or end.

Core Benefit Proposition

The fundamental value or advantage that a consumer receives from a product or service, serving as the primary reason for making a purchase.