On December 31, 2022, Zurich SA provided you with the following information regarding its trading investments. During
Question:
On December 31, 2022, Zurich SA provided you with the following information regarding its trading investments.
During 2023, Carolina shares were sold for €9,500. The fair value of the shares on December 31, 2023, was Stargate shares—€19,300; Vectorman shares—€20,500.
Instructions
a. Prepare the adjusting journal entry needed on December 31, 2022.
b. Prepare the journal entry to record the sale of the Carolina Co. shares during 2023.
c. Prepare the adjusting journal entry needed on December 31, 2023.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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