Discuss the financial statement presentation of the account Allowance to Adjust Short-Term Investments to Market, distinguishing between the effect of a debit balance and the effect of a credit balance in the account
The Allowance to Adjust Short-Term Investments to Market account appears on the balance sheet as a contra-asset account. When Allowance to Adjust Short-Term Investments to Market has a debit balance, it is added to the associated investment account on the asset side of the balance sheet. However, when it has a credit balance, it is deducted from the associated account.
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