Markot Corporation purchased $400,000 of securities and classified them as available-for-sale. The market value of...
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Markot Corporation purchased $400,000 of securities and classified them as available-for-sale. The market value of the securities went up to $475,000. Markot Corporation should Select one: a. report an unrealized gain on its income statement b. report a holding loss on its income statement c. report a holding gain on its income statement d. show these securities on its balance sheet at their market value
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