Which of the Following Is True of the Fair Value

question 39

Multiple Choice

Which of the following is true of the Fair Value Adjustment - Trading account for trading debt investments?

• A) It will always have a credit balance.
• B) It will always have a debit balance.
• C) It is considered as an adjunct account if it has a credit balance.
• D) It is considered as an adjunct account if it has a debit balance.

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Definitions:

Symmetric

A shape or distribution is considered symmetric if it looks the same to the left and right of the center point.

Major Organic Product

The principal product obtained in the highest yield in an organic chemical reaction, considering the reactants and conditions used.

Organic Chemistry

The branch of chemistry that studies the structure, properties, and reactions of organic compounds, which contain carbon.

Reaction

A process in which one or more substances are changed into others by the reorganization of their atoms.