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Please fill out the missing case and explain. Thank you The following information is available for Wildhorse plc at December 31, 2022, regarding its investments.
Please fill out the missing case and explain. Thank you
The following information is available for Wildhorse plc at December 31, 2022, regarding its investments. Cost Fair Value Securities 2,600 ordinary shares of Petty Company 1.100 preference shares of Dowe Inc E43,400 50,300 22.600 20,000 E66,000 70,300 (b) Prepare the adjusting entry (if any) for 2022, assuming the investments are classified as non-trading. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit 4,300 Unrealized Holding Gainor Loss - Equity 4,300 Step by Step Solution
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