Question
The Lumin Company made the following equity invesments in 2013. Name Cost Market JNJ 250,000 245,000 UNA 184,000 158,000 TGT 120,000 121,000 Total 554,000 524,000
The Lumin Company made the following equity invesments in 2013.
| Name | Cost | Market |
| JNJ | 250,000 | 245,000 |
| UNA | 184,000 | 158,000 |
| TGT | 120,000 | 121,000 |
| Total | 554,000 | 524,000 |
In 2014, Lumin sold UNA for 172,000. The market value for 2014 for JNJ is 251,000 and for TGT is 128,000.
Prepare journal entries for the following actions:
- the market adjustment for 2013
- the sale of UNA
- the market adjustment for 2014
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Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945
Authors: Chris Swinson
1st Edition
0367887568, 9780367887568
