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97 Six months ago, a company purchased an investment in stock for $70,000. The investment is classified as available-for-sale securities. This is the company's first
97 Six months ago, a company purchased an investment in stock for $70,000. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The current fair value of the stock is $74,000. The company should record a: Skipped Multiple Choice Debit to Investment Revenue for $4,000. Credit to Unrealized Gain-Equity for $4,000. 10 0 0 0 0 Debit to Unrealized Loss-Equity for $4,000. Credit to Investment Revenue for $4,000. No entry is required
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