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DerbyDerby Co. purchased an? available-for-sale stock investment on OctoberOctober 44 of the current year for $ 51 comma 000$51,000. The market value of the stock
DerbyDerby
Co. purchased an? available-for-sale stock investment on
OctoberOctober
44
of the current year for
$ 51 comma 000$51,000.
The market value of the stock investment at? year-end is
$ 46 comma 500$46,500.
What value will be reported in net income for the? adjustment, if? any?
A.
$ 46 comma 500$46,500
B.
$( 4 comma 500 )$(4,500)
C.
?$0
D.
Not enough information is given to determine the amount included in net income.
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