Question
Security A On December 31, 2016, KYET Co. purchased equity securities as trading securities Pertinent data are as follows Fair Value -Coat AL 12/31/17 Rs1,864,000
Security A On December 31, 2016, KYET Co. purchased equity securities as trading securities Pertinent data are as follows Fair Value -Coat AL 12/31/17 Rs1,864,000 Ps2.064,000 936,000 1,016,000 B C 1,476,000 956,000 The journal entry to record the fair value adjustment at December 31, 2017 will include a. a debit to Unrealized Loss-Income for Rs240,000. b. a debit to Unrealized Loss-Equity for Rs140,000. c. a debit to Fair Value Adjustment-Trading for Rs280,000 d. a credit to Unrealized Gain-Income for Rs240,000. Moving to another question will save this response. BN wa M 1 44 MacBook Pro 0
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