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I need help , thanks E16.11 (LO3), AP At December 31, 2022, available-for-sale debt securities for Storrer, Inc. are as follows. The securities are considered
I need help , thanks
E16.11 (LO3), AP At December 31, 2022, available-for-sale debt securities for Storrer, Inc. are as follows. The securities are considered to be a long-term investment. Instructions a. Prepare the adjusting entry at December 31,2022 , to report the securities at fair value. b. Show the statement presentation at December 31,2022 , after adjustment to fair value. c. E. Kretsinger, a member of the board of directors, does not understand the reporting of the unrealized gains or losses Write a letter to Ms. Kretsinger explaining the reporting and the purposes that it serves. Prepare adjusting entries for fair value, and indicate statement presentation for two classes of securitiesStep by Step Solution
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