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Shamrock Corporation has the following trading portfolioof debt investments as of December 31,2020. Security. cost. fair value A. $21,280. $16,800 B. 24,640. 30,240 C. 38,080.
Shamrock Corporation has the following trading portfolioof debt investments as of December 31,2020.Security. cost. fair value A. $21,280. $16,800 B. 24,640. 30,240 C. 38,080. 32,480 $84,000. $79,520 On January 22,2021, Shamrock Corporation sold security C for $35,840 (a) Prepare the adjusting entry for Shamrock Corporation on December 31,2020, to report the portfolio at fair value.
Security. cost. fair value
A. $21,280. $16,800
B. 24,640. 30,240
C. 38,080. 32,480
$84,000. $79,520
On January 22,2021, Shamrock Corporation sold security C for $35,840
(a) Prepare the adjusting entry for Shamrock Corporation on December 31,2020, to report the portfolio at fair value.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
978-1259307416
