Question
I need details not only the answers. Required: 1. Prepare the journal entry to record the fair market adjustments for both the trading and available
I need details not only the answers.
| Required: | |||||||
| 1. | Prepare the journal entry to record the fair market adjustments for both the trading and available for sale securities at December 31, 2016. Indicated whether any unrealized holding gains/loss appear on the income statement or as part of accumulated other comprehensive income. | ||||||
| 2. | Prepare the journal entries to record the 2017 investment transactions. | ||||||
| 3. | Prepare the journal entry to record the fair market adjustments for both the trading and available for sale securities at December 31, 2017. Indicated whether any unrealized holding gains/loss appear on the income statement or as part of accumulated other comprehensive income. | ||||||
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Treasury Financial Manual Volume 1 Book 2
Authors: US Treasury
1st Edition
1790318432, 978-1790318438
