
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
النسخة 26الرقم المعياري الدولي: 978-1337498159
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
النسخة 26الرقم المعياري الدولي: 978-1337498159 تمرين 40
A Valuing trading securities at fair value
On January 1, 2016, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2016, the cost of the trading securities portfolio was $385,000, and the fair value was $357,400. Prepare the December 31, 2016, adjusting journal entry to record the unrealized gain or loss on trading investments.
B Valuing trading securities at fair value
On January 1, 2016, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2016, the cost of the trading securities portfolio was $41,500, and the fair value was $46,300. Prepare the December 31, 2016, adjusting journal entry to record the unrealized gain or loss on trading investments.
On January 1, 2016, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2016, the cost of the trading securities portfolio was $385,000, and the fair value was $357,400. Prepare the December 31, 2016, adjusting journal entry to record the unrealized gain or loss on trading investments.
B Valuing trading securities at fair value
On January 1, 2016, Valuation Allowance for Trading Investments had a zero balance. On December 31, 2016, the cost of the trading securities portfolio was $41,500, and the fair value was $46,300. Prepare the December 31, 2016, adjusting journal entry to record the unrealized gain or loss on trading investments.
التوضيح
A. Valuing trading securities at fair va...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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