Six months ago, a company purchased an investment in stock for $65,000. This investment is...
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Accounting
Six months ago, a company purchased an investment in stock for $65,000. This investment is considered available-for-sale. The current market value of the stock is $68,500. The company should record a: (Points: 5) Debit to Unrealized LossEquity for $3,500 Credit to Unrealized GainEquity for $3,500 Debit to Investment Revenue for $3,500 Credit to Market Adjustment Available-for-Sale for $3,500 Credit to Investment Revenue for $3,500
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