Question
Brief Exercise E-6 In its first year of operations, Kearney Corporation purchased available-for-sale stock securities costing $78,220 as a long-term investment. At December 31, 2012,
Brief Exercise E-6 In its first year of operations, Kearney Corporation purchased available-for-sale stock securities costing $78,220 as a long-term investment. At December 31, 2012, the fair value of the securities is $74,655. Prepare the adjusting entry to record the securities at fair value.
What do I label the journal entries?
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Auditing Theory And Its Application
Authors: Hanson Arthur Warren, Arthur W. Hanson
1st Edition
1406753351, 978-1406753356
