Multiple Choice
A company's trading security has a fair value which exceeds its cost. When recording the year-end adjustment, the:
A) Investment in Trading Securities account will be credited.
B) Unrealized Gain on Trading Securities account will be credited.
C) Unrealized Loss on Trading Securities account will be debited.
D) Realized Gain on Sale of Treasury Securities account will be credited.
Correct Answer:
Verified
Correct Answer:
Verified
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