Barkely Corporation Has Invested in the Stock of Two Other

question 38

Multiple Choice

Barkely Corporation has invested in the stock of two other corporations,Hayes Corporation and Motz Corporation.Barkely does not own a controlling interest or exercise significant influence over either corporation.Barkely's accountant is preparing financial statements and has compiled the following information: What should be the balance in the Allowance to Adjust Long-Term Investments to Market account,based on the above information?

• A)$2,000 credit
• B)$4,000 debit
• C)$4,000 credit
• D)$2,000 debit

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