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Current Attempt in Progress At December 31, 2021, Blossom Company has an equity portfolio valued at $121000. Its cost was $106000. If the Securities Fair
Current Attempt in Progress At December 31, 2021, Blossom Company has an equity portfolio valued at $121000. Its cost was $106000. If the Securities Fair Value Adjustment has a debit balance of $6700, which of the following journal entries is required at December 31,2021 ? Fair Value Adjustment 15000 Unrealized Holding Gain or Loss-Income 15000 Fair Value Adjustment 8300 Unrealized Holding Gain or Loss-Income 8300 Unrealized Holding Gain or Loss-Income 15000 Fair Value Adjustment 15000 Unrealized Holding Gain or Loss-Income 8300 Fair Value Adjustment 8300 Current Attempt in Progress At December 31, 2021, Blossom Company has an equity portfolio valued at $121000. Its cost was $106000. If the Securities Fair Value Adjustment has a debit balance of $6700, which of the following journal entries is required at December 31,2021 ? Fair Value Adjustment 15000 Unrealized Holding Gain or Loss-Income 15000 Fair Value Adjustment 8300 Unrealized Holding Gain or Loss-Income 8300 Unrealized Holding Gain or Loss-Income 15000 Fair Value Adjustment 15000 Unrealized Holding Gain or Loss-Income 8300 Fair Value Adjustment 8300
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Internal Audit Practice From A To Z
Authors: Patrick Onwura Nzechukwu
1st Edition
149874205X, 978-1498742054
