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Question 27 Novi purchased 5% of ABC stock on 1/1/14. Data regarding these available-for-sale securities follow: Not yet answered Cost $150,000 150,000 150,000 MV $130,000

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Question 27 Novi purchased 5% of ABC stock on 1/1/14. Data regarding these available-for-sale securities follow: Not yet answered Cost $150,000 150,000 150,000 MV $130,000 161,000 155,000 Points out of 3.00 December 31, 2014 December 31, 2015 December 31, 2016 Flag question On 1/1/17, Novi sold $40,000 (cost) of the securities for $40,100. Market Value of the remaining securities at 12/31/17 was $108,000 The amount of Unrecognized Gain or Loss to appear in the Other Comprehensive Income section of the 2017 Comprehensive Income Statement is Select one O a. $7,000 O b. $2,000 O c. $3,000 O d. $2,100 O e. $3,100

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