Question
Dickinson Company acquired the following portfolio of trading securities during 2020 and reported the following balances at December 31, 2020. No sales occurred during 2020.
Dickinson Company acquired the following portfolio of trading securities during 2020 and reported the following balances at December 31, 2020. No sales occurred during 2020. All declines are considered to be temporary:
Security Cost 12/31/20 Market value
BPI P 700,000 P 720,000
BDO 850,000 800,000
PSB 1,050,000 1,280,000
What is the carrying value of the securities on December 31, 2020 on Dickinsons balance sheet?
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Detecting Accounting Fraud Before Its Too Late
Authors: Oriol Amat
1st Edition
1119566843, 9781119566847
