Question 23

The following data pertains to Traverse Co.'s investments in marketable equity securities: What amount should Traverse Co. report as Accumulated Other Comprehensive Income in the Stockholders' Equity section of the 12/31/19 balance sheet?

Select one:

a. $80,000 credit

b. $30,000 credit

c. $10,000 debit

d. $10,000 credit

e. $30,000 debit