Deutsche Corporation's Trading Portfolio at the End of the Year

question 265

Multiple Choice

Deutsche Corporation's trading portfolio at the end of the year is as follows: The year-end adjusting entry to reflect a decrease in the value of stock trading securities includes a

• A) credit to Fair Value Adjustment-Trading.
• B) debit to Fair Value; Market Adjustment-Trading.
• C) debit to Unrealized Gain-Income.
• D) credit to Stock Investments.

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