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Williams, Inc. has an investment in a debt security that they are carrying and reporting...

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Question

Accounting

Williams, Inc. has an investment in a debt security that they are carrying and reporting as available-for-sale. Under what circumstances would Williams's income statement report a gain from this investment?

Multiple Choice

When the present value of the security increases.

When the fair value of the security increases.

Only when the Dow Jones Industrial Average increases at least 100 points.

Only when the security is sold.

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