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Amacon Corporation has the following investments at December 31, 2020: Amacon, whose year-end is Sept. 30, purchased the share of Daisy on January 1, 2019.
Amacon Corporation has the following investments at December 31, 2020: Amacon, whose year-end is Sept. 30, purchased the share of Daisy on January 1, 2019. If Amacon irrevocably elected to classify its investment in Daisy at fair value through OCI, what amount will be reported in other comprehensive income at September 30 , 2020? Select one: a. $19,500 b. $2,500 gain. c. $3,000 gain. d. $1,500 gain
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