Question
Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value
Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.
Prepare the December 31, 2013 journal entry to record the adjustment of available for sale securities to fair value.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
