Question:At the end of the first year of operations, the total cost of the trading securities portfolio is $120,000. Total fair value is $115,000. The financial statement should show : 

A a reduction of an asset of $5,000 and a realized loss of $5000. 
B a reduction of an asset of $5000 and an unrealized loss of $5000 in the stockholder equity section. 
C a reduction of an asset of $5000 in the current assets section and a unrealized loss of $5000 in "other expense and losses". 
D a reduction of an asset of $5000 in the current assets section and a realized loss of $5000 in "other expenses and losses". 

+ Answer
C 

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Md. Saydul Alam

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