Investments in debt securities should be recorded on the date of acquisition at a. market value minus brokerage fees and other costs incident to the purchase. b. face value minus brokerage fees and other costs incident to the purchase. c. market value plus brokerage fees and other costs incident to the purchase. d. face value plus brokerage fees and other costs incident to the purchase. Where are unrealized holding gains and losses on these securities closed during year-end closing journal entries? In accounting for long-term construction contracts, construction costs are accounted for in an inventory account called. Construction in Progress under the
