Question: so im pretty sure this is correct but it keeps saying its wrong can i get another set of eyes on this please. ! Required


! Required information [The following information applies to the questions displayed below! Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Fair Value Tesla Bonds $15,300 $11,475 24,400 25,620 4,880 Cost Nike Bonds Ford Bonds 6,100 (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet (2) In which income statement section is the unrealized gain or loss) on the portfolio of trading securities reported? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with a minus sign.) KITTY COMPANY Assets Section of Balance Sheet December 31 Assets Current assets Debt investments-Trading (at cost) 3 45 800 Fair value adjustment-Trading 3,825 $ 41,975 Debt investments-Trading (fair value) OOO Reled Required 2 > (1) After the fair value adjustment is made prepare the assets section of Kitty Company's December 31 classified balance sheet (2) in which income statement section is the unrealized gain for loss) on the portfolio of trading securities reported? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 in which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported in which income und schon ist und gain toon portion of trading securities reported Other Revenues and Cars for Expenses and tosse
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