Money for Nothing Enterprises (“ MNE”) held the following available-for-sale

Money for Nothing Enterprises (€œ MNE€) held the following available-for-sale securities during year2:
Money for Nothing Enterprises (€œ MNE€) held the following available-for-sale

What will MNE report as accumulated other comprehensive income on its 12/ 31/ Y2 balance sheet (ignore taxes)?
a. $ 2,000
b. $ 3,000
c. $ 6,000
d. $ 8,000

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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