Data regarding Rock Corp.'s available-for-sale securities follows: Cost December 31, year 8 $80,000 December 31, year 9 $80,000 Differences between cost and market values are considered temporary. Rock does not elect the fair value option of accounting for available-for-sale securities. Rock's accumulated other comprehensive income for Year 9 would be Multiple Choice O O $0 $10,000 $25,000 Market Value $65,000 $90,000 $15,000

Data regarding Rock Corp.'s available-for-sale securities follows: Cost December 31, year 8 $80,000 December 31, year 9 $80,000 Differences between cost and market values are considered temporary. Rock does not elect the fair value option of accounting for available-for-sale securities. Rock's accumulated other comprehensive income for Year 9 would be Multiple Choice O O $0 $10,000 $25,000 Market Value $65,000 $90,000 $15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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