Suppose that BearKat Enterprises buys 100 shares of Sammy's Pizza for $25 a share. Sammy has 25 million shares outstanding. After one quarter, the price of Sammy's stock is now $22 a share and Bearkat Enterprises continues to hold it. Which of the following is true? A. This is recorded as a $2,500 asset on the balance sheet. Since it has not been sold, nothng else is recorded. B. This is shown as a $300 loss in other comprehensive income. C. This is recorded as a $300 loss to net income for the most recent quarter. D. This is too small to be recorded. QUESTION 24 U.S. GAAP allows upward revaluations of long-lived assets but IFRS does not. True False