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Six months ago, a company purchased stock investments with insignificant influence for $75,000. This is the companys first and only purchase of stock. The current
Six months ago, a company purchased stock investments with insignificant influence for $75,000. This is the companys first and only purchase of stock. The current year-end fair value of the stock is $79,500. The company should record a: A Debit to Unrealized Loss-Income for $4,500. B Credit to Investment Revenue for $4,500. C Credit to Dividend Revenue for $4,500. D Debit to Investment Revenue for $4,500.
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