Use the Following Information for Questions

Multiple Choice

Use the following information for questions .
At the end of Fanning Corporation's fiscal year, its portfolio of trading investments purchased during the year is as follows:
-At the end of the year, Fanning Corporation normally would

A) make no entry.
B) increase trading investments to market value.
C) report an loss on the income statement for $3,000 under "Other Expenses".
D) report an loss on the income statement for $1,000 under "Other Expenses".