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QUESTION 30 james bought 500 shares of John and classifies the securities as trading securities. At the end of year one, the unrealized gain was

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QUESTION 30 james bought 500 shares of John and classifies the securities as trading securities. At the end of year one, the unrealized gain was 50,000; at the end of year two the unrealized loss on the stock is 575,000. The fair value adjustment at the end of year two would be: a. debited for 75,000 b. credited for 75,000 c. debited for 125,000 d. credited for 125,000 e none of the above

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