Question Details

Fair Value Adjustment is a valuation



1.	A company that owns more than 50% of the common stock of another company is known as the ______________ company and _____________ financial statements are usually prepared.


	2.	_______________ securities are bought and held primarily for sale in the near future.

	3.	Fair Value Adjustment is a valuation _____________ account which is ______________ to (from) the cost of the investments.

	4.	At the end of an accounting period, if the fair value of the trading portfolio is less than its cost, then the company should recognize an ______________ which is reported on the _________________.


	5.	An unrealized loss on trading securities is reported under Other ____________________ on the income statement.




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