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EX. 16-2 (S.O. 5) Harry Caray Co. has the following data at December 31, 2012: Securities Trading Available-for-sale Cost Fair value $99,000 75,000 $103,000 70,000
EX. 16-2 (S.O. 5) Harry Caray Co. has the following data at December 31, 2012: Securities Trading Available-for-sale Cost Fair value $99,000 75,000 $103,000 70,000 The available-for-sale securities are held as a long-term investment. Instructions (a) Prepare the adjusting entries to report each class of securities at fair value (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
