The cost of the fair value through profit or loss securities of Cepeda Company at December 31,

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The cost of the fair value through profit or loss securities of Cepeda Company at December 31, 2011, is $62,000. AT December 31, 2011, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value.

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Financial accounting

ISBN: 978-1118285909

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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 11, 2013 06:26 AM

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The cost of the fair value through profit or loss securities of Cepeda Company at December 31,

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Financial accounting

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