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At the end of the first year of operations, the total cost of the trading securities portfolio is $ 2 4 0 , 0 0

At the end of the first year of operations, the total cost of the trading securities portfolio is $240,000.
The fair value of the portfolio is $250,000. The financial statements will report
Select one:
a. an addition to an asset of $10,000 in the current assets section and an unrealized gain of $10,000 in Other income and expense.
b. an addition to an asset of $10,000 and a realized gain of $10,000.
c. an addition to an asset of $10,000 and an unrealized gain of $10,000 in the equity section.
d. an addition to an asset of $10,000 in the current assets section and a realized gain of $10,000 in Other income and expense.

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