Gremlin Company purchased $15,000 of equity securities as an investment on June 1, 2016. That investment has year-end market values of $17,500 in 2016, $19,000
Gremlin Company purchased $15,000 of equity securities as an investment on June 1, 2016. That investment has year-end market values of $17,500 in 2016, $19,000 in 2017, and $18,500 in 2018. If Gremlin classifies the investment as avilable-for-sale securities, what would be the balance of accumulated other comprehensive income (AOCI) at the end of 2018?
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Authors: Bob Walsh
1st Edition
1539592405, 978-1539592402
