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Brewed Awakening has the following information on December 31, 2019, for its securities. SECURITIES COST FAIR VALUE Trading securities 410,000 400,000 Available for sale securities
| Brewed Awakening has the following information on December 31, 2019, for its securities. | |||
| SECURITIES | COST | FAIR VALUE | |
| Trading securities | 410,000 | 400,000 | |
| Available for sale securities | 920,000 | 950,000 | |
| Prepare the journal entries to report the securities at fair value on 31 December 2019 | |||
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
