Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in

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Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrip’s December 31, 2013, adjusting entry to relJect any necessai^ fair value adjustment for these investments.

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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