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Colvis Corporation purchased an available-for-sale investment in 1,100 shares of Home Central shares for $30 per share. On the next balance-sheet date, Home Central shares
Colvis Corporation purchased an available-for-sale investment in 1,100 shares of Home Central shares for $30 per share. On the next balance-sheet date, Home Central shares are quoted at $34 per share. Ass tax rate of 20%. Colvis' should report OA. unrealized gain of $4,400 in other comprehensive income. OB. realized gain of $4,400 in other comprehensive income. OC. unrealized loss of $4,400 in the income statement. OD. unrealized gain of $3,520 in other comprehensive income. Click to select your answer. 40
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