Yale Co. purchased a bond on October 4 of the current year for $ 45, 000 and classified it as available-for-sale. The market value of the investment at year-end is $ 42, 000. What value will be reported in net income for the adjustment, if any?
A. $42, 000
B. $0
C. $( 3,000 )
D. Not enough information is given to determine the amount included in net income.
Answer: B. $0
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