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Attached is the question! Please show your work if possible Novi purchased 5% of ABC stock on 11'11'14. Data regarding these availableforsale securities follow: %
Attached is the question!
Please show your work if possible
Novi purchased 5% of ABC stock on 11'11'14. Data regarding these availableforsale securities follow: % W DecemberLEOH \"lm 5130,!!!) December31,2015 150,511 101,000 Decmber31.2tl1s 150.000 155m On 1J1J1?, Novi sold 340,000 (cost) of the securities for $40,100. Market Value Of the remaining securities at 1331\"? was $108,000. The balance of the Accumulated OCI included in the 121'311'1? Stockholders' Equity section was: Select one: 0 a. $2,000 debit O b. $2,000 credit 0 e. $2,100 debit 0 d. $1,000 credit 0 e. $1,000 debitStep by Step Solution
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