National Bike Tours, Inc. reported the following in its annual report: 

Amounts in thousands                          Year 2                                                                        Year 1

Net earnings                                           $5,600                                                                        $7,600 

Other comprehensive income: Foreign currency translation 70 (110 ) 

Available-for-sale securities                290                                                                               360 

Comprehensive income                     5,960$                                                                           $7,850  

What happened to the value of the company's available-for-sale securities during Year 2? Select one: 

A. They rose in value by $290,000 

B. They dropped to a market value of $290,000

C. They dropped in value by $70,000 

D. More information is needed to answer

Answer rating: 100% (QA)

To determine what happened to the value of the companys availableforsale securities during Year 2 ... View the full answer