Question
The balance in the Equity Securities represent stocks owned in a variety of companies. The ownership percentage is very small for all equity securities. The
The balance in the Equity Securities represent stocks owned in a variety of companies. The ownership percentage is very small for all equity securities. The company views these securities as a long-term investment but could sell the securities if a need for cash arises. The current market value of the securities is $8,600.
Does this question require a journal entry? If so, how would it be done?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
