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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
A long-term investment in common shares acquired during 2014 at a cost of $45,000 has a market value on December 31, 2014, of $45,725. The year-end adjusting entry requires a:
A) credit to Allowance to Adjust Investment to Market for $725
B) debit to Unrealized Gain on Investment for $725
C) debit to Long-Term Investment for $725
D) no entry required
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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TheSinTheSin
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6 years ago
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4 years ago
thankss
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