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Question 3 2 pts On June 1, 2014 ABC Co. acquires 1,000 shares of Jones, Inc. for $25 per share. This investment will be treated

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Question 3 2 pts On June 1, 2014 ABC Co. acquires 1,000 shares of Jones, Inc. for $25 per share. This investment will be treated as available-for-sale. On December 31, the market price of the shares is $26 per share. How will this investment be reported on the financial statements for 2014? At fair value, with any unrealized holding gain/loss shown on the income statement At cost At fair value - but holding galns/loss are never reported Al fale value, with any unrealized holding gain/loss included in Accumulated Other Comprehensive Income (Equity section of Balance Sheet) Question 4 2 pts On June 1, 2014, ABC Co. acquires 1,000 shares of Jones, Inc. for $25 per share. This investment will be treated as available for sale. On December 31, the market price of the shares is $26 per share. What will be the Unrealized Holding Gain/Loss reported on the financial statements for 2014? 526 0 5100 OS1 031.000

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