Hubbard Company had the following trading securities in its portfolio at December 31.The Fair Value Adjustment-Trading account had a balance of zero prior to year-end adjustment.Prepare the appropriate adjusting journal entry.
Definitions:
Portfolio Weights
The percentage composition of a particular holding relative to the total investment portfolio.
Risk-To-Reward Ratio
A benchmark used by investors to gauge the prospective returns of an investment in comparison to the risk associated with securing those returns.
Efficient Market
A type of market where all relevant information is rapidly and correctly reflected in securities prices, allowing them to be bought and sold at their fair value.
Systematic Risk
Market or sector-wide risk, commonly called market risk, that remains despite attempts at diversification.
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