Stock Categorized as Trading Securities Is Purchased for $52,000

Multiple Choice

Stock categorized as trading securities is purchased for $52,000.At year end,when the market value of the stock is $61,000,the adjusting entry that would be recorded is:

A) Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Gain on Short-Term Investments 9,000
B) Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000
C) Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000
D) Realized Gain on Investments 9,000 Short-Term Investments 9,000