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A firm purchased available-for-sale security investments for $200,000. During the year, the firm received dividends...

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Accounting

A firm purchased available-for-sale security investments for $200,000. During the year, the firm received dividends totaling $12,000 from these stock investments. At year end, the stock portfolio had a quoted market value of $215,000. The increase in net income for the year (ignore income taxes) from these investments is:

Select one:

A. $12,000

B. $ 8,000

C. $15,000

D. $27,000

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