At the Beginning of the Year a Company Had a Debit

question 72

Multiple Choice

At the beginning of the year a company had a debit balance in the account Market Adjustment--Trading Securities.During the year the company did not buy or sell any trading securities,but at the end of the year the related market adjustment account had a credit balance.This change indicates that

• A) a loss on the income statement was recognized.
• B) a gain on the income statement was recognized.
• C) the value of the investment account increased.
• D) the value of the investment account decreased.

---

Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for both systolic and diastolic pressures.

Conditional Distribution

A statistical term that describes the distribution of a variable contingent on the value(s) of one or more other variables.

Employees

Individuals who work for someone else in exchange for financial or other compensation.

Age Group

A classification based on the age of individuals, often used in surveys and studies to analyze behaviors, preferences, or health outcomes within specific populations.