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Can someone show me in excel the journal entry portions? I don't need the definitions. a. Consider trading securities. Note that financial institutions such as
Can someone show me in excel the journal entry portions? I don't need the definitions.
a. Consider trading securities. Note that financial institutions such as State Street typically call these securities "Trading account assets" i. In general, what are trading securities? ii. How would a company record $1 of dividends or interest received from trading securities? iii. If the market value of trading securities increased by $1 during the reporting period, what journal entry would the company record b. Consider securities available-for-sale. Note that State Street calls these, Investment securities available for sale" i. In general, what are securities available-for-sale? ii. How would a company record $1 of dividends or interest received from securities available for-sale? iii. If the market value of securities available-for-sale increased by $1 during the reporting period, what journal entry would the company record? C. Consider securities held-to-maturity. Note that State Street calls these, Investment securities held to maturity" i. In general, what are these securities? Why are equity securities never classified as held-to maturity? ii. If the market value of securities held-to-maturity increased by $1 during the reporting period, what journal entry would the company recordStep by Step Solution
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