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MULTIPLE CHOICE (4points; 1 point each) 1. The following information was extracted from Gil Co.'s December 2022 financial statements: Noncurrent assets: Long-term investments in available-for-sale

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MULTIPLE CHOICE (4points; 1 point each) 1. The following information was extracted from Gil Co.'s December 2022 financial statements: Noncurrent assets: Long-term investments in available-for-sale equity securities (at fair value) $96,450 Accumulated other comprehensive income: Net unrealized GAIN on long-term investments in available-for-sale equity securities The historical (original) cost of the long-term investments in available-for-sale equity securities was a. $63,595 b. $76,650 c. $96,450 d. $116,250 1. The following information was extracted from Gil Co.'s December 2022 financial statements: Noncurrent assets: Long-term investments in available-for-sale equity securitics (at fair value) $96.450 Accumulated other comnrehensive income: Net unrealized GAIN on long-term investments in available-for-sale equity securitics The historical (original) cost of the long-term investments in available-for-sale equity securitics was a. $63,595 b. $76,650 c. $96,450 d. $116,250 MULTIPLE CHOICE (4points; 1 point each) 1. The following information was extracted from Gil Co.'s December 2022 financial statements: Noncurrent assets: Long-term investments in available-for-sale equity securities (at fair value) $96,450 Accumulated other comprehensive income: Net unrealized GAIN on long-term investments in available-for-sale equity securities The historical (original) cost of the long-term investments in available-for-sale equity securities was a. $63,595 b. $76,650 c. $96,450 d. $116,250 1. The following information was extracted from Gil Co.'s December 2022 financial statements: Noncurrent assets: Long-term investments in available-for-sale equity securitics (at fair value) $96.450 Accumulated other comnrehensive income: Net unrealized GAIN on long-term investments in available-for-sale equity securitics The historical (original) cost of the long-term investments in available-for-sale equity securitics was a. $63,595 b. $76,650 c. $96,450 d. $116,250

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