During 2016 abc purchased 51000 in equity securities as, Ask an Expert

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During 2016, ABC purchased $51,000 in equity securities as investments. By the end of the year, these securities decreased in value to $41,000 and by the end of 2017, they were valued at $47,000. If the investment securities is identified as trading securities, what would ABC have to do in 2016? A. Record unrealized holding loss of $10,000 in income statement. B. Record unrealized holding loss of $4,000 in income statement. C. Record unrealized holding loss of $4,000 in blance sheet. D. Record unrealized holding gain of $6,000 in income statement.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92845152

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