Question
When calculating gains and losses and adjustments for the homework, it helps to put the data into a table as I will post below. And
When calculating gains and losses and adjustments for the homework, it helps to put the data into a table as I will post below. And don't forget, if you are looking at what the balance in the adjustment account should be, you need to take into consideration what the current balance in the account is. If you need the account balance to be $2,000 and the account balance is currently $1000, only an adjustment for $1000 is needed.
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| Cost | Fair Value | Unrealized Gain (Loss) |
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| Security 2 |
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| Total of Portfolio |
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| Previous Fair Value Adjustment Balance |
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| Fair Value Adjustment |
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Financial And Managerial Accounting For Decision Makers
Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman
4th Edition
1618533614, 9781618533616
