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Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D

Brandy Corporations trading portfolio at the end of the year is as follows: Security Cost Fair Value Common Stock C $10,000 $12,000 Common Stock D 9,000 5,000 $19,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under Other expenses and losses. set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. 

Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000.

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