Jujol Company purchased $15,000 of equity securities as an investment on June 1, 2016. That...
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Jujol Company purchased $15,000 of equity securities as an investment on June 1, 2016. That investment has year-end market value of $17,500 in 2016, $19,000 in 2017, and $18,500 in 2018. If Gremlin classifies the investment as available-for-sale securities, what would be the balance of accumulated other comprehensive income (AOCI) at the end of 2018?
Select one:
a. -$500
b. $18,500
c. $3,500
d. $15,000 e. $4,000
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