Question 6 MarigoldCorporation's trading portfolio at the end of the year is as follows Security Cost Fair Value 11500 Common Stock C Common Stock D 4700 8700 $19200 $16200 At the end of the year, Marigold Corporation should O recognize an Unrealized Gain or Loss-Income for $4000 O report a loss on the income statement for $4000 under "Other expenses and losses." o set up a Fair Value Adjustment account for Stock D O set up a Fair Value Adjustment account for the portfolio Question 7 On January 1, 2020, Bramble Company purchased at face value, a $980, 10% bond that pays interest 98 O Cash 98 Interest Revenue 98 O Cash 98 Interest Receivable 98 Interest Receivable 98 Interest Revenue 98 Interest Receivable 98 Cash Questions On January 1, 2020, Swifty Company purchased at face value, a $1250, 12% bond that pays interest on January 1. Swifty Company has a calendar year end. The entry for the receipt of interest on January 1, 2021 is O Cash 75 Interest Revenue 75 O Cash Interest Receivable 150 Cash 168 Interest Revenue 168 Cash Interest Revenue 150 Question9 Cost and fair value data for the trading securities of Bramble Company at December 31, 2020, are $109800 and $85200, respectively. Which of the following correctly presents the ajustiga entry to record the securities at fair value? O Dec. 31 Unrealized Loss-Income 24600 Fair Value Adjustment-Trading 24600 O Dec, 31 Unrealized Loss-Income 24600 Trading Securities 24600 o Dec. 31 Unrealized Gain-Income 24600 Trading Securities 24600 O Dec. 31 Fair Value Adjustment-Trading 24600 Unrealized Gain-Income 24600 Question 10 Concord Company had these transactions pertaining to stock investments Feb. 1 Purchased 1860 shares of Martinez Company (10%) for$47430 cash. June 1 Received cash dividends of $2 per share on Martinez stock Oct. 1 Sold 1220 shares of Martinez stock for $32940 The entry to record the receipt of the dividends on June 1 would includea O debit to Dividend Revenue for $3720. O credit to Stock Investments for $3720. O debit to Stock Investments for $3720. O credit to Dividend Revenue for $3720