Determine the Amount Guido Inc A) Choice a
B) Choice B
C) Choice C
D)

question 58

Multiple Choice

Determine the amount Guido Inc. will record as an investment on its balance sheet under the three scenarios: Weiner is considered trading marketable equity security (MES) , available for sale (AFS) MES or using cost method. $$\begin{array} { | l | c | c | c | } \hline & \text { Trading MES } & \text { AFS MES } & \underline { \text { Cost } } \\\hline \text { A) } & \$ 60,000 & \$ 60,000 & \$ 60,000 \\\hline \text { B) } & \$ 66,000 & \$ 60,000 & \$ 60,000 \\\hline \text { C) } & \$ 60,000 & \$ 66,000 & \$ 60,000 \\\hline \text { D) } & \$ 66,000 & \$ 66,000 & \$ 60,000 \\\hline\end{array}$$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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