Question: Question 29 View Policies Current Attempt in Progress Marigold Inc. has an investment in available for sale securities of $62000. This investment experienced an unrealized

 Question 29 View Policies Current Attempt in Progress Marigold Inc. has

Question 29 View Policies Current Attempt in Progress Marigold Inc. has an investment in available for sale securities of $62000. This investment experienced an unrealized loss of $5600 during the current year. Assuming a 30% tax rate, the effect of this loss on comprehensive Income will be $62000 increase. $3920 decrease. $18600 decrease no effect Save for Later Attempts: 0 of 1 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Thu, Apr 16, 2020, 7:50:01 PM (America/New York-04:00) Next > Current Attempt in Progress Crane Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2080 shares of Martinez Company (10%) for $53040 cash. June 1 Received cash dividends of $2 per share on Martinez stock. Oct. 1 Sold 1190 shares of Martinez stock for $32130. The entry to record the receipt of the dividends on June 1 would include a credit to Dividend Revenue for $4160. debit to Stock Investments for $4160. debit to Dividend Revenue for $4160. credit to Stock Investments for $4160

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