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This period, Amadeus Co. purchased its only available-for sale investment in the notes of Bach Co. for $83,000. The period-end fair value of these notes is$84,500. Amadeus records a

a. Credit to Unrealized Gain-Equity for $1,500.

b. Debit to Unrealized Loss-Equity for$1,500.

c. Debit to Investment Revenue for $1,500.

d. Credit to Fair Value Adjustment- Available-for-Sale for$3,500.

e. Credit to Cash for $1,500.


Answered 11 months ago
Answered 11 months ago
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In this item, the requirement is to determine which of the choices would be recorded as an entry for a company's available-for-sale investment at the end of the period.


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