9) Chapin Company purchased investments in 2022 at a cost of $200,000 and recorded them as trading securities. Their market values totaled $250,000 and $230,000 on December 31, 2022, and December 31, 2023, respectively. The entry required on December 31, 2023, would include a A) debit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 B) credit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 C) credit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 D) debit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 10) Which of the following is correct regarding available-for-sale securities? A) Available-for-sale securities are reported at cost on the balance sheet date, and unrealized holding gains and losses are included in income of the current period. B) Available-for-sale securities are reported at fair value on the balance sheet date, and unrealized holding gains and losses are included in income of the current period. C) Available-for-sale securities are reported at fair value on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period. D) Available-for-sale securities are reported at cost on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period. 11) On January 1, 2023, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $52,000 for the year ended December 31, 2023. The fair value of the Papa stock on that date was $45 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2023? A) $284,400. B) $300,000. C) $315,600. D) $360,000.

9) Chapin Company purchased investments in 2022 at a cost of $200,000 and recorded them as trading securities. Their market values totaled $250,000 and $230,000 on December 31,2022 , and December 31,2023 , respectively. The entry required on December 31,2023 , would include a A) debit to Unrealized Holding Gain/Loss-Trading Sccurities of $20,000 B) credit to Unrealized Holding Gain/Loss-Trading Sccurities of $20,000 C) credit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 D) debit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 10) Which of the following is correct regarding available-for-sale securities? A) Available-for-sale securities are reported at cost on the balance sheet date, and unrealized holding gains and losses are included in income of the current period. B) Available-for-sale securities are reported at fair value on the balance sheet date, and unrealized bolding gains and losses are included in income of the current period. C) Available-for-sale securities are reported at fair value on the balance sheet date, but unrealized holding gaine and losses are not included in income of the current period. D) Available-for-sale securities ffe reported at cost on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period. 11) On January 1, 2023, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of \$52,000 for the year ended December 31, 2023. The fair value of the Papa stock on that date was $45 per share, What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2023? A) $284,400. B) $300,000. C) $315,600. D) $360,000