Question
T/S: Purchase Price - 100 Fair value on 12/31/14 - 50 Fair value on 12/31/15 - 30 AFS: Purchase price - 500. Fair value on
T/S: Purchase Price - 100 Fair value on 12/31/14 - 50 Fair value on 12/31/15 - 30
AFS: Purchase price - 500. Fair value on 12/31/14 - 250 Fair value on 12/31/15 -110
1.) Wdjusting entry for 2014 + 2015?
IF NI = 90,000 before adjusting entry
Whats the effect on NI of 2015, if you sell TS and hold AFS
What's the effect on NI of 2015, if you sell AFS and hold TS
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
