Torborg Corp. purchased available-for-sale securities from Hensley Company on December 23 for $3,000. On December 31, the market value of those securities is $3,600. Which one of the following journal entries is appropriate on December 31? 
Correct Answer:
Verified
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Q13: Investments in equity securities are current assets
Q14: Income from trading and available-for-sale equity securities
Q15: Available-for-sale securities are:
A) actively 'traded' on the
Q17: The recognition of unrealized gains on available-for-sale
Q18: An investor owns trading equity securities in
Q19: When a company accounts for an investment
Q20: Trading securities of Sanchez Inc. were purchased
Q21: Walsh Company purchased 1,000 shares of Pierce
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