Question Help On January 7, 2018, Webb Industries purchased 1,000 shares of Class A common stock in Bloomberg Corporation for $50,000. Webb does not have significant influence or control over Bloomberg. Although Class A shares are not actively traded, Class B shares are traded and are nearly identical aside from being publicly traded. At the end of 2018, Class B shares are trading for $53 per share. If Webb makes the appropriate election to measure the investment based on observable price changes for similar securities, what Fair Value Adjustment should be made at the end of 2018? OA. $3,000 debit OB. $6,000 credit O C. $3,000 credit O D. $0 N On January 1, Year 1, Gibson Corporation purchased bonds issued by Williamson Company. These bonds were classified as held-to-maturity securities. The face value of these bonds is $400,000, pay 4% interest and were purchased to yield 296. The bonds mature in 10 years and bonds, how much interest revenue should it report on the bonds at December 31, Year 1? Assume that Gibson used the effective interest method pay interest on an annual basis. If Gibson Corporation paid S471.861 for these OA. $18,874 OB. $9.437 OC. $16,000 O D. $8,000