Question
At the end of its first year, the trading securities portfolio consisted of the following common stocks: Cost Market Cinnamon Corporation $69,600 75,000 Ling, Inc.
At the end of its first year, the trading securities portfolio consisted of the following common stocks:
| Cost | Market | |
| Cinnamon Corporation | $69,600 | 75,000 |
| Ling, Inc. | $90,000 | $80,700 |
| Owens Corporation | $120,000 | $113,000 |
The unrealized loss to be recognized under the fair value method is:
| a. | $7,000. |
| b. | $9,300. |
| c. | $16,300. |
| d. | $10,900. |
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DOD Financial Management The Army Faces Significant Challenges In Achieving Audit Readiness For Its Military Pay
Authors: Government Accountability Office
1st Edition
1492310921, 978-1492310921
