Question: The fair value adjustment account for a trading security has a beginning debit balance of $700. The fair value of the investment at reporting date

The fair value adjustment account for a trading security has a

The fair value adjustment account for a trading security has a beginning debit balance of $700. The fair value of the investment at reporting date is $9,000 and the carrying value is $7,500. The fair value adjustment account will require an adjustment of: Select one: a. $1,500 debit b. $800 credit c. $1,500 credit d. $800 debit e. No adjustment is required. Google Chrome Version 89.0.4389.114 Microsoft Windows 10 Home 64-bit Build 6.2.9200

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