At the end of the first year of operations, the total cost of the trading securities portfolio is $237000. Total fair value is $242000. The financial statements should show an addition to cost of the fair value adjustment and O a realized gain of $5000 in the statement of comprehensive income. O a realized gain of $5000 in "Other revenues and gains," on the income statement. O an unrealized gain of $5000 in the stockholders' equity section of the balance sheet. O an unrealized gain of $5000 in "Other revenues and gains," on the income statement D

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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At the end of the first year of operations, the total cost of the trading securities portfolio is $237000. Total fair value is $242000. The
financial statements should show an addition to cost of the fair value adjustment and
O a realized gain of $5000 in the statement of comprehensive income.
a realized gain of $5000 in "Other revenues and gains," on the income statement.
O an unrealized gain of $5000 in the stockholders' equity section of the balance sheet.
O an unrealized gain of $5000 in "Other revenues and gains," on the income statement
D
Transcribed Image Text:At the end of the first year of operations, the total cost of the trading securities portfolio is $237000. Total fair value is $242000. The financial statements should show an addition to cost of the fair value adjustment and O a realized gain of $5000 in the statement of comprehensive income. a realized gain of $5000 in "Other revenues and gains," on the income statement. O an unrealized gain of $5000 in the stockholders' equity section of the balance sheet. O an unrealized gain of $5000 in "Other revenues and gains," on the income statement D
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