Investments in Equity Securities with Insignificant Influence Were Purchased for $400,000,and

question 39

Multiple Choice

Investments in equity securities with insignificant influence were purchased for $400,000,and had a fair value of $410,000 at the end of the year.The adjusting entry to record this difference includes a credit to:

• A)Retained Earnings.
• B)Unrealized Gain on Equity Securities.
• C)Investment in Equity Securities.
• D)Unrealized Loss on Equity Securities.

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A pre-defined calculation in spreadsheet software that performs operations on data and returns a result.

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The foundational software that controls the hardware of a computer and provides a platform for running application software.

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A set of instructions used in spreadsheet software that performs calculations or other actions on data.

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