Masma Corp $$\begin{array} { l l } \text { Total cast } & \$ 182,400 \\\text { Total feir market value } & 153,600\end{array}$$

question 71

Multiple Choice

Masma Corp. began operations in 2020. An analysis of Masma's equity securities portfolio acquired in 2020 shows the following totals at the end of the year. Masma accounts for these investments using the fair value through net income (FV-NI) model. $$\begin{array} { l l } \text { Total cast } & \$ 182,400 \\\text { Total feir market value } & 153,600\end{array}$$ Based on this information, what amount should Masma report in its 2020 income statement for "Investment Income or Loss"?

• A) $ 12,800 loss
• B) $ 16,000 gain
• C) $ 28,800 gain
• D) $ 28,800 loss

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Definitions:

Hybrid Models

Refers to systems or approaches that incorporate elements from two or more different models, methodologies, or technologies.

Social Entrepreneurship

The practice of developing, funding, and implementing solutions to social, cultural, or environmental issues.

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Small loans offered to people with little to no credit history or collateral, typically aimed at enabling entrepreneurship or self-employment in developing countries.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.