Deutsche Corporation's portfolio of stock holdings of less than 20% at the end of the year is as follows: 
At the end of the year, Deutsche Corporation should
A)set up a Fair Value Adjustment account for Common Stock B.
B)set up a Fair Value Adjustment account for the portfolio.
C)recognize an Unrealized Gain or Loss-Income for $6,000.
D)report a loss on the income statement for $6,000 under "Other Expenses and Losses."
Correct Answer:
Verified
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