The Market Value of an Available-For-Sale Security Has Increased from the Last

question 90

Multiple Choice

The market value of an available-for-sale security has increased from the last carrying value. The journal entry to record this increase will include:

• A) a debit to the Allowance to Adjust Investment to Market.
• B) a credit to the Allowance to Adjust Investment to Market.
• C) a debit to the Unrealized Gain on Investment.
• D) no adjustment is required.

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