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can someone help and explain Weaver Company has the following data at December 31, 2015 for its securities: Securities COST FAIR VALUE Debt Investments -

can someone help and explain
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Weaver Company has the following data at December 31, 2015 for its securities: Securities COST FAIR VALUE Debt Investments - Trading 90,000 87,000 Debt Investments - Available for sale 74,000 75,000 Stock Investments 80,000 76,000 a b Prepare the adjusting entries to report the securities at fair value. On what financial statement and in what section of that statement would each of the above accounts be reported. (6 all together) Account Title Debit Date Credit B Fair Value Adjustment - TRADING Unrealized gain - INCOME Unrealized loss - EQUITY Fair Value Adjustment - AVAILABLE FOR SALE Fair value adjustment - Stock Unrealized gain - INCOME

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