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Business, 24.01.2020 23:31 DivineMemes420

Smith buys and sells securities. on december 15, 2018, smith purchased $523,000 of jones shares and elected the fair value option to account for the jones investment. as of december 31, 2018, the jones shares had a fair value of $579,000. in the 2018 financial statements, smith will report (ignore taxes): multiple choicea. an investment in jones of $523,000.b. investment income of $56,000 in its income statement. c. accumulated other comprehensive income of $579,000.d. other comprehensive income of $56,000.

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Smith buys and sells securities. on december 15, 2018, smith purchased $523,000 of jones shares and...
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