Six months ago, a company purchased stock investments with insignificant influence for $74,000. This is...
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Accounting
Six months ago, a company purchased stock investments with insignificant influence for $74,000. This is the companys first and only purchase of stock. The current year-end fair value of the stock is $78,350. The company should record a:
Multiple Choice
Credit to Unrealized Gain-Income for $4,350.
Debit to Unrealized Loss-Income for $4,350.
Credit to Dividend Revenue for $4,350.
Debit to Investment Revenue for $4,350.
Credit to Investment Revenue for $4,350.
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