Seybert systems accounts for its investment in wang engineering bonds as available-for-sale. seybert's balance in accumulated other comprehensive income with respect to the wang investment is a credit balance of $20,000, and seybert reports the investment as $100,000 on its balance sheet. seybert purchased the wang investment for (ignore taxes):

Seybert purchased the Wang investment for  $80,000

Explanation:

given data

credit balance =  $20,000

investment =  $100,000  

to find out

Seybert purchased the Wang investment for

solution

As here is a credit balance so that stock is increased by $20,000

the stock was purchased as

stock  purchased = investment - credit balance    1

put here value we get

stock  purchased cost = $100,000 - $20,000

stock  purchased cost = $80,000

so Seybert purchased the Wang investment for  $80,000

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