At year-end,a company's trading portfolio appears as follows: The adjusting entry will include
A)a debit to Allowance to Adjust Short-Term Investments to Market of $50.
B)a credit to Allowance to Adjust Short-Term Investments to Market of $50.
C)a debit to Unrealized Loss on Short-Term Investments of $100.
D)none of these,since no adjusting entry is necessary.

Question

At year-end,a company's trading portfolio appears as follows:  The adjusting entry will include
A)a debit to Allowance to Adjust Short-Term Investments to Market of $50. 
B)a credit to Allowance to Adjust Short-Term Investments to Market of $50. 
C)a debit to Unrealized Loss on Short-Term Investments of $100. 
D)none of these,since no adjusting entry is necessary.

Quizplus · Accepted Answer

The Answer of At year-end,a company's trading portfolio appears as follows:  The adjusting entry will include
A)a debit to Allowance to Adjust Short-Term Investments to Market of $50. 
B)a credit to Allowance to Adjust Short-Term Investments to Market of $50. 
C)a debit to Unrealized Loss on Short-Term Investments of $100. 
D)none of these,since no adjusting entry is necessary.

At Year-End,a Company's Trading Portfolio Appears as Follows: the Adjusting