The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security. Early in 2010, Solo sold all of its investment in AAA securities for $36 per share. The journal entry to record the 2009 revaluation of the AAA securities would be:

Question

The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security.

Early in 2010, Solo sold all of its investment in AAA securities for $36 per share. The journal entry to record the 2009 revaluation of the AAA securities would be:

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The Answer of The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security.  Early in 2010, Solo sold all of its investment in AAA securities for $36 per share. The journal entry to record the 2009 revaluation of the AAA securities would be:

The Following Information Related to the Marketable Security Investments of Solo