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