The Allowance to Adjust Investment in Available-for-Sale Securities to Market has a debit balance. Therefore:
A) the Allowance account is subtracted from the carrying amount of the Investment in Available-for-Sale Securities.
B) the Allowance account is added to the carrying amount of the Investment in Available-for-Sale Securities.
C) the Allowance account is neither added nor subtracted from the carrying amount of the Investment in Available-for-Sale Securities.
D) the Allowance account is added to Unrealized Gain or Loss on Investment in Available-for-Sale Securities.
B
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Constitutional support has no role in encouraging pluralism.
a. true b. false
In the event of a loss under a personal auto policy, an insured is required to submit to the insurance company all of the following information, EXCEPT:
a. An appraisal of the damaged property. b. A list of any known witnesses. c. A notice of claim. d. Proof of loss statement if requested.