Question
Trailer Park Services began operations in 20X1 and maintains investments in available-for- sale debt securities. The year-end cost and fair values for its portfolio
Trailer Park Services began operations in 20X1 and maintains investments in available-for- sale debt securities. The year-end cost and fair values for its portfolio of these debt securities follows. Available-for-Sale Securities Cost Fair Value December 31, 20X1 $ 345,000 $ 349,800 December 31, 20X2 $ 416,000 $ 433,600 The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is:
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
1st edition
1111822360, 978-1337116619, 1337116610, 978-1111822378, 1111822379, 978-1111822361
