Question
At December 31, 2018, Oriole Company has an equity portfolio valued at $169000. Its cost was $138000. If the Securities Fair Value Adjustment has a
At December 31, 2018, Oriole Company has an equity portfolio valued at $169000. Its cost was $138000. If the Securities Fair Value Adjustment has a debit balance of $8300, which of the following journal entries is required at December 31, 2018?
Unrealized Holding Gain or Loss-Income31000Fair Value Adjustment31000
Fair Value Adjustment22700Unrealized Holding Gain or Loss-Income22700
Unrealized Holding Gain or Loss-Income22700Fair Value Adjustment22700
Fair Value Adjustment31000Unrealized Holding Gain or Loss-Income31000
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
