At December 31, 2011, the fair value through profit or loss securities for Geneva, Inc. arc as

Question:

At December 31, 2011, the fair value through profit or loss securities for Geneva, Inc. arc as follows.

Instructions
(a) Prepare the adjusting entry at December 31, 2011, to report the securities at fair value.
(b) Show the statement of financial position and income statement presentation at December 31, 2011. after adjustment to fairvalue.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 11, 2013 06:26 AM

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At December 31, 2011, the fair value through profit or loss securities for Geneva, Inc. arc as

Question:

Security Costair Value CHF17,500 CHF16,000 14,000 19,000 CHFS3.000 CHF49,000 12,500 23,000

Step by Step Answer:

a Dec 31 Unrealized LossIncome 4000 Market Adjustme...View the full answer

Financial accounting

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