Question: During 2 0 2 2 Maxwell purchased 1 0 0 bonds of Malinois Inc. at par for $ 9 0 0 , 0 0 0

During 2022 Maxwell purchased 100 bonds of Malinois Inc. at par for $900,000. Maxwell purchases debt securities expecting to ear profits on short-term differences in price and holds these investments in its trading portfolio. At December 31,2022 these bonds had a market price of $850,000. The December 31,2022 adjusting entry Maxwell woufd make for their investment in Malinois bonds would include A) No entry is needed B) A credit to Fair Value Adjustment for $50,000 C) A debit to Fair Value Adjustment for $50,000 D) A debit to Gain (unrealized, NI) for $900,000

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