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Lane Company has the following securities in its portfolio of trading marketable equity securities on December 31, 2013: All securities had been purchased in 2013.
Lane Company has the following securities in its portfolio of trading marketable equity securities on December 31, 2013: All securities had been purchased in 2013. In 2014, Lane sold the B Company stock for $83. The Lane Company portfolio of trading marketable equity securities appeared as follows on December 31, 2014: The Lane Company portfolio of trading marketable equity securities appeared as follows on December 31, 2015: Required: Prepare entries for Lane Company for: (a) The 2013 adjusting entry. (b) The sale of the B Company stock. (c) The 2014 adjusting entry. (d) The 2015 adjusting entry
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