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on Palms equity security investments, purchased 1/1/20, total these amounts: Cost: $40,000 Fair Value @ 12/31/20: $42,000 Fair Value @ 12/31/21: $35,000 Indicate the
on Palms equity security investments, purchased 1/1/20, total these amounts: Cost: $40,000 Fair Value @ 12/31/20: $42,000 Fair Value @ 12/31/21: $35,000 Indicate the amount to be included in 2021 Net Income and the 2021 Comprehensive Net Income. Select one: O a. 2021 NI 2021 CNI $0 $0 O b. 2021 NI 2021 CNI $(5,000) $(5,000) O c. 2021 NI 2021 CNI $(7,000) $(5,000) O d. 2021 NI 2021 CNI $15.0001 50
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
