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please explain in details. Thank you The following information is available for Wildhorse pic at December 31, 2022 regarding its investments Cost Fair Value Securities
please explain in details. Thank you
The following information is available for Wildhorse pic at December 31, 2022 regarding its investments Cost Fair Value Securities 2600 ordinary shares of Petty Company 1.100 preference shares of Cowe Inc F43.400 250.300 22.600 20.000 BM000 E70.300 (a) Prepare the adjusting entry tan for 2022 assuming the investments wedshed stradine di contier automatically indented when amount is entered. Do not indes entry wat select Wory for the countities and enter for the amounts) Debit Credit Account Titles and Explanation white 06) Prepare the distinct any for 2022 automatically who do not hon enter for the 5) Prepare the adjusting entry of any) for 2022, assuming the investments are dassified as non tradine (Credit account tities are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the accountities and inter for the amounts.) Account Tities and Explanation Debit Credit The following information is available for Wildhorse pic at December 31, 2022 regarding its investments Cost Fair Value Securities 2600 ordinary shares of Petty Company 1.100 preference shares of Cowe Inc F43.400 250.300 22.600 20.000 BM000 E70.300 (a) Prepare the adjusting entry tan for 2022 assuming the investments wedshed stradine di contier automatically indented when amount is entered. Do not indes entry wat select Wory for the countities and enter for the amounts) Debit Credit Account Titles and Explanation white 06) Prepare the distinct any for 2022 automatically who do not hon enter for the 5) Prepare the adjusting entry of any) for 2022, assuming the investments are dassified as non tradine (Credit account tities are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the accountities and inter for the amounts.) Account Tities and Explanation Debit Credit Step by Step Solution
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