The Market Adjustment account a. is set up for each security is the company's portfolio. b. relates to the entire portfolio of securities held by the company. c. Is closed at the end of each accounting period. d. appears on the income statement as other Expenses and Lessees. The balance in the Unrealized Lose-Equity account will a. appear on the balance sheet as a contra asset. c. appear as a deduction in the stockholder's equity section. d. not be shown on the financial statements until the securities sold. At the end of the year, Greer Corporation should a. set up a Market Adjustment account for stock b. c. recognize an unrealized Gain or loss mdash Income for $3,000. d. report a loss on the income statement for $3,000 under "other Expenses and Losses." The primary propose of the statement of each flows is to a. Provide information about the investing and financing activities during a period. b. Prove that revenues exceed expenses if there is a net income. c. Provide information about the cash receipts and cash payments during a period. d. facilitate banking relationship. Cash equivalence are generally investments with maturities of a. $1,000 or more. b. three months less. c. at least six months. d. one year of the operating cycle, whichever is loss. Financing activities involve a. lending money. b. acquiring investments. c. issuing debt. acquiring long-lived assets. The Market Adjustment account a. is set up for each security is the company's portfolio. b. relates to the entire portfolio of securities held by the company. c. Is closed at the end of each accounting period. d. appears on the income statement as other Expenses and Lessees. The balance in the Unrealized Lose-Equity account will a. appear on the balance sheet as a contra asset. c. appear as a deduction in the stockholder's equity section. d. not be shown on the financial statements until the securities sold. At the end of the year, Greer Corporation should a. set up a Market Adjustment account for stock b. c. recognize an unrealized Gain or loss mdash Income for $3,000. d. report a loss on the income statement for $3,000 under "other Expenses and Losses." The primary propose of the statement of each flows is to a. Provide information about the investing and financing activities during a period. b. Prove that revenues exceed expenses if there is a net income. c. Provide information about the cash receipts and cash payments during a period. d. facilitate banking relationship. Cash equivalence are generally investments with maturities of a. $1,000 or more. b. three months less. c. at least six months. d. one year of the operating cycle, whichever is loss. Financing activities involve a. lending money. b. acquiring investments. c. issuing debt. acquiring long-lived assets