Which of the Following Is True of the Fair Value

question 120

Multiple Choice

Which of the following is true of the Fair Value Adjustment account for trading 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:

Ota Benga

A man from the Mbuti people of the Congo who was brought to the United States in the early 20th century and displayed in an exhibition, highlighting the dark aspects of human zoos and racial science practices of the time.

Polynesian Boy

Refers to a male youth from the Polynesian cultural region, which spans a vast area of the Pacific Ocean and includes numerous islands.

Dehumanization

The process of depriving a person or group of positive human qualities, making them seem less than human and not deserving of moral consideration or empathy.

Welsh

Pertaining to the people, language, or culture of Wales, a country in the United Kingdom.