The following accounts are in Tan Limiteds December 31, 2023 trial balance: Prepaid Rent $1,600; FV-OCI Investments

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The following accounts are in Tan Limited’s December 31, 2023 trial balance: Prepaid Rent $1,600; FV-OCI Investments $62,000; Unearned Revenue $7,000; Land Held for Speculation $119,000; and Goodwill $45,000. Prepare the long-term investments section of the statement of financial position. Identify which items are financial instruments.

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Intermediate Accounting Volume 1

ISBN: 9781119740469

13th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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