Stock categorized as trading securities is purchased for $72,000. At year end, when the market value of the stock is $63,000, the adjusting entry that would be recorded is:
A) Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Loss on 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 Loss on Investments 9,000 Short-Term Investments 9,000
B
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A marketing plan should:
a. be viewed as a series of sequential steps. b. be developed independently of the external business environment. c. define the business mission. d. exclude budgets and pricing.
Which of the following is NOT a primary source of liquidity?
A. Excess cash reserves over and above regulatory reserve requirements. B. Borrowings in the money market. C. Borrowings in the purchased funds market. D. Capital notes and other long-term financing alternatives. E. Cash-type assets that can be sold with little price risk and low transaction costs.