Withers Company has available-for-sale debt and equity securities that on December 31, 2010, had a cost of $105,000 and a market value of $102,000. The market value rose to $117,000 by December 31, 2011. What accounting action is required on December 31, 2011?

Withers Company has available-for-sale debt and equity securities that on December 31, 2010, had a cost of $105,000 and a market value of $102,000. The market value rose to $117,000 by December 31, 2011. What accounting action is required on December 31, 2011?

Answer

		Allowance for Change in Value should be credited for $15,000.
		Unrealized Increase/Decrease in Value should be debited for $12,000.
		Allowance for Change in Value should be debited for $15,000.
		Unrealized Increase/Decrease in Value should be credited for $12,000.

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