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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 years ago
The adjusting entry for investments at fair value through other comprehensive income contains a credit to Investments for $651. The income statement will reflect:
A) revenue of $651
B) an extraordinary gain of $651
C) other comprehensive income/loss of ($651)
D) nothing, because gain/loss is not reported on the income statement
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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AlexmosutheAlexmosuthe
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6 years ago
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Harrison Author
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6 years ago
Thanks for your help!!
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