ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on August 15, 2014, for $480,000. (Refer to ValleyView.) The journal entry to measure securities available-for-sale on December 31, 2013 is:
a. Unrealized Holding Gain on
Securities Available-for-Sale................35,000
Marketable Securities.....................................35,000
b. Unrealized Holding Gain on
Securities Available-for-Sale................35,000
Common Stock...............................................35,000
c. Common Stock....................................... 35,000
Unrealized Holding Gain on
Securities Available-for-Sale.......................35,000
d. Marketable Securities............................ 35,000
Cash.............................................................. 35,000
e. Marketable Securities........................... 35,000
Unrealized Holding Gain on
Securities Available-for-Sale......................35,000
E
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