At December 31 2017 the trading securities for Eddy Company are as follows: $\begin{array}{lrr}
\underline{\text { Security}}& \underline{\text { Cost}}& \underline{\text { Fair Value }}\
\text { A } & \$ 16,000 & \$ 20,000 \
\text { B } & \underline{34,000}& \underline{32,000}\
&\underline{\$50,000}&\underline{\$52,000}
\end{array}$ Prepare the adjusting entry at December 31 2017 to report the securities at fair value.

Question

At December 31 2017 the trading securities for Eddy Company are as follows: $\begin{array}{lrr}
 \underline{\text { Security}}& \underline{\text {  Cost}}& \underline{\text {  Fair Value }}\
\text { A } & \$ 16,000 & \$ 20,000 \
\text { B } & \underline{34,000}& \underline{32,000}\
&\underline{\$50,000}&\underline{\$52,000}
\end{array}$ Prepare the adjusting entry at December 31 2017 to report the securities at fair value.

Quizplus · Accepted Answer

The Answer of At December 31 2017 the trading securities for Eddy Company are as follows: $\begin{array}{lrr}
 \underline{\text { Security}}& \underline{\text {  Cost}}& \underline{\text {  Fair Value }}\
\text { A } & \$ 16,000 & \$ 20,000 \
\text { B } & \underline{34,000}& \underline{32,000}\
&\underline{\$50,000}&\underline{\$52,000}
\end{array}$ Prepare the adjusting entry at December 31 2017 to report the securities at fair value.

At December 31 2017 the Trading Securities for Eddy Company