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
A
You might also like to view...
The selective agents for natural selection can be either abiotic or biotic.
Answer the following statement true (T) or false (F)
One form of power move is ________, which draw the attention of the other party to the importance of the negotiation and help them recognize that they will benefit from negotiation.
What will be an ideal response?
Services that have a direct impact on the company’s operations, are used by the customers, or require unique or highly skilled workers to provide are ______.
A. nonstrategic services B. standard services C. strategic services D. public services
Empowerment helps enhance employee feelings of self-efficacy.
Answer the following statement true (T) or false (F)