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

question 133

Multiple Choice

Deutsche Corporation's trading portfolio at the end of the year is as follows: At the end of the year, Deutsche Corporation should

• A) set up a Fair Value Adjustment account for Common Stock B.
• B) set up a Fair Value Adjustment account for the portfolio.
• C) recognize an Unrealized Gain or Loss-Income for $6,000.
• D) report a loss on the income statement for $6,000 under "Other Expenses and Losses."

---

Definitions:

Bioengineering

The application of principles of biology and engineering to create products and technologies that improve human life.

Genetically Manipulate

Genetically manipulate involves altering the genetic material of an organism in a laboratory setting to change its characteristics or functions.

Toxic Substances

Chemical compounds that can cause harm or damage to living organisms, the environment, or materials.

Unreasonable Risk

A hazard or danger that surpasses what is considered acceptable or safe under the circumstances.