On December 31, 2008, Reggit Company held the following short-term investments in its portfolio of available-for-sale securities.
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On December 31, 2008, Reggit Company held the following short-term investments in its portfolio of available-for-sale securities. Reggit had no short-term investments in its prior accounting periods. Prepare the December 31, 2008, adjusting entry to report these investments at market value.
Cost Market Value Verrizano Corporation bonds payable . . . . . . . $89,600 $91,600 Preble Corporation notes payable . . . . . . . . . . 70,600 62,900 Lucerne Company common stock . . . . . . . . . . 86,500 83,100.AppendixLO1
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild
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