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At December 31, 2014, the trading securities for Oglesbee, Inc. are as follows. Security Cost Fair Value A $17,600 $16,400 B 12,300 14,400 C 23,000
At December 31, 2014, the trading securities for Oglesbee, Inc. are as follows. Security Cost Fair Value A $17,600 $16,400 B 12,300 14,400 C 23,000 18,800 Total $52,900 $49,600 (a) Prepare the adjusting entry at December 31, 2014, to report the securities at fair value. (b) Show the balance sheet and income statement presentation at December 31, 2014, after adjustment to fair value
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Personal Trainer 3 0 Online For Albright/Ingram/Hills Managerial Accounting Information For Decisions
Authors: Thomas L. Albright, Robert W. Ingram, John S. Hill
4th Edition
0324233388, 978-0324233384
