The Fair Value of a Long-Term Available-For-Sale Security Has Decreased

question 14

Multiple Choice

The fair value of a long-term available-for-sale security has decreased from the last carrying value.The journal entry to record this decrease will include:

• A)a debit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
• B)a credit to the Allowance to Adjust Investment in Available-for-Sale Securities to Market.
• C)a credit to the Unrealized Loss on Investment in Available-for-Sale Securities.
• D)a debit to the Unrealized Gain on Investment in Available-for-Sale Securities.

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Definitions:

Nationalism

Ideological movement or sentiment that emphasizes loyalty, devotion, or allegiance to a nation or nation-state and often places its interests above those of other countries.

Novel

A lengthy fictional narrative, usually in prose form, that explores characters and their interactions in a certain setting and plot.

Haymarket Affair

Violence during an anarchist protest at Haymarket Square in Chicago on May 4, 1886; the deaths of eight, including seven policemen, led to the trial of eight anarchist leaders for conspiracy to commit murder.

Labor Movement

The Labor Movement is a social and political movement advocating for the rights of workers, including better wages, working conditions, and labor laws, significant in improving the lives of workers worldwide.