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i need the solution for investments securties in the financial position Show the statement of financial position presentation of imvestment securities at December 31,2020. Prebare
i need the solution for investments securties in the financial position
Show the statement of financial position presentation of imvestment securities at December 31,2020. Prebare the adjusting entry at December 31,2020 , toreport the investment securities at fair yalue. All securities are considered to be trading securities Sandhill has nosignificant influence over its share imvestments. (Credit occount titles are outomatically indentrd when anount is entered, Do not indentmanually. If no entry is required, select "No entry" for the account vities and enter O for the anounts. and stock serurition, During the year, the followirig tranesactions occurred. Feb.1 Purchased 400 ordinary shares of Superior for 22,000. Mar,1 Purchased 600 ordinary shares of Pawtik for 15,000. Apr. I Parchased 501,070,8% Venice bonds for 53,500. Interest is payable semiannually on Octaber 1 and Apria 1 . July 1 Recelveda cash dividend of E0.60 per share on the Superior ordinary shares. Aug-1 Sold 133 ordinary shares of Superior at E60 per share. Sept:1 Received a el per share cash dividend on the Pawlik ordinary shares. Oct. 1 Received the interest on the Venice bonds. Oct. 1 Sold the Venice bonds for 52,500. Ac December 31, the fair value of the Superior ordinary shares was 56 per. 5hafe. The fair value of the Pawiik ordinary shares was E24pershare Step by Step Solution
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