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2. Halima & Co purchased 500 shares of Exxon Mobil on November 1, 2020 at a cost of $49.76 per share, plus a brokerage
2. Halima & Co purchased 500 shares of Exxon Mobil on November 1, 2020 at a cost of $49.76 per share, plus a brokerage commission of $120. However, as of December 31, 2020, the share price has gone up to $56.00 per share. Required: Prepare a balance sheet extract showing the fair value adjustment, and the unrealized holding gain or loss, as at December 31, 2020. (4 Points)
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
