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  3. novi purchased 5% of abc stock on 1/1/14. data reg

Novi purchased 5% of ABC stock on 1/1/14. Data regarding these available-for-sale securities follow: ...

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Accounting

Novi purchased 5% of ABC stock on 1/1/14. Data regarding these available-for-sale securities follow: image On 1/1/17, Novi sold $40,000 (cost) of the securities for $40,100. Market Value of the remaining securities at 12/31/17 was $108,000. The balance of the Accumulated OCI included in the 12/31/17 Stockholders' Equity section was:

Select one:

a. $2,000 debit

b. $2,000 credit

c. $2,100 debit

d. $1,900 credit

e. $1,900 debit

Cost December 31, 201 S150,000 December 31, 2015 150,000 December 31, 2016 150,000 S130,000 161,000 155,000

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