A Pension Trust Fund purchased corporate stock during the year for $48,000. At year-end, the...
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A Pension Trust Fund purchased corporate stock during the year for $48,000. At year-end, the Pension Trust Fund still holds the stock that has a year-end fair value of $54,000. What journal entry, if any, should be made at year-end in relation to the Pension Trust Fund's investment in corporate stocks? Select one: 6,000 Investments corporate stocks Revenue-net increase in fair value of investments 6,000 C B. 54,000 Investments corporate stocks Revenue-net increase in fair value of investments 54,000 6,000 Investments corporate stocks Cash 6,000 D. No entry is required. 6,000 Investments corporate stocks Additions net increase in fair value of investments 6,000
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