Stock Categorized as Trading Securities Is Purchased for $72,000

question 47

Multiple Choice

Stock categorized as trading securities is purchased for $72,000.At year end,when the market value of the stock is $63,000,the adjusting entry that would be recorded is:

• A)Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Loss on Investments 9,000
• B)Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000
• C)Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000
• D)Realized Loss on Investments 9,000 Short-Term Investments 9,000

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Definitions:

Venue

A place where an event or meeting is held.

Emotional State

An individual's current feelings or mood, which can influence their thoughts and behavior.

Assigning Tasks

The process of delegating specific duties or responsibilities to individuals or teams within an organization.

Visuals

Elements that are perceived visually, including images, diagrams, photos, and videos, used to communicate information, ideas, or feelings.