Question: Marked to Fair Value On March 1 5 , 2 0 1 5 , Norton Company invested $ 6 5 0 , 0 0 0

Marked to Fair Value On March 15,2015, Norton Company invested $650,000 in short-term available-for-sale marketable securities. Thefair value of this investment was $680,000 at December 31,2015, but had slipped to $675,000 by December 31,2016. Based on this information and assuming that Norton does not sell this investment, which of the following best presents what will be reported in the December 31,2016 financial statements? Select one: a. Investment in Marketable Securities of $675,000 in the asset section of the balance sheet, with a $25,000 Unrealized Holding Gain on Investments included in the stockholders' equity section. b. The asset Investments in Marketable Securities of $675,000, and a $5,000 Unrealized Holding Loss deducted from total stockholders' equity. c. The asset Investments in Marketable Securities of $650,000 in the balance sheet, and a $25,000 Unrealized Holding Loss on Investments in the income statement. d. Investments in Marketable Securities of $650,000, reduced by a $30,000 Unrealized Holding Gain on Investments, in the asset section of the balance sheet.

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