Antoine Company began business in February 2013.During the year,Antoine purchased the three trading securities listed below.On its December 31,2013,balance sheet,Antoine appropriately reported a $4,000 debit balance in its Market Adjustment--Trading Securities account.There was no change in 2014 in the composition of Antoine's portfolio of marketable equity securities held as a temporary investment.Pertinent data are as follows:
What amount should Antoine credit to the Market Adjustment--Trading Securities account at December 31,2014?
A) $0
B) $3,000
C) $7,000
D) $11,000
Correct Answer:
Verified
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