Question
Trading securities purchased in 2012 for $90,000, had a fair value of $92,000 on December 31, 2012. At December 31, 2013 the securities had a
Trading securities purchased in 2012 for $90,000, had a fair value of $92,000 on December 31, 2012. At December 31, 2013 the securities had a fair value of $95,000. The journal entry on December 31, 2013 would include a:
Group of answer choices
A) debit to the Investment in Trading Securities account for $5,000.
D) debit to the Unrealized Loss on Trading Securities account for $3,000.
C) credit to the Unrealized Gain on Trading Securities account for $5,000.
B) debit to the Investment in Trading Securities account for $3,000.
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The Final Audit In Pursuit Of Nazi War Booty Compulsively Readable And Superbly Narrated Dlied With Love Suspense Insight Wisdom And Dry Humor
Authors: Carnie Matisonn
1st Edition
1452094845, 978-1452094847
