Westside Corporation Had an Investment in Available-For-Sale Securities of $60,000

question 83

Multiple Choice

Westside Corporation had an investment in available-for-sale securities of $60,000.This investment experienced an unrealized loss of $7,000 during the year.Ignoring income taxes,the effect of this loss on comprehensive income will be:

• A)$60,000 increase.
• B)$60,000 decrease.
• C)$7,000 increase.
• D)$7,000 decrease.

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Definitions:

Propinquity

Geographic closeness.

Geographic Closeness

The physical proximity between places or individuals, often affecting their ability to interact and form relationships.

Lawrence Otis Graham

An American author and attorney known for his work on race, class, and social issues in the United States.

Black Men

Male individuals of African descent or possessing African heritage.