The purpose of the fair value adjustment for securities classified as "available-for-sale" is: Select one:

a. To adjust the valuation of a company's investment to current market value.
b. To recognize the proper amount of gain or loss on fluctuations in the market value of these securities in the current period income statement.
c. To adjust a corporation's capital stock account to reflect the current market value of the outstanding capital stock.
d. To compute the amount of taxes payable on unrealized gains and losses.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?