FEE (e) At December 31, 2017, the trading securities for Storrer, Inc. are as follows. Cost Tk. 17,500 Tk.16,000 12,500 23,000 Tk. 53,000 Tk. 51,000 Security Fair Value в 14,000 21,000 Instructions (a) Prepare the adjusting entry at December 31, 2017, to report the securities at fair value. (b) Show the balance sheet and income statement presentation at December 31, 2017, after adjustment to fair value.

FEE (e) At December 31, 2017, the trading securities for Storrer, Inc. are as follows. Cost Tk. 17,500 Tk.16,000 12,500 23,000 Tk. 53,000 Tk. 51,000 Security Fair Value в 14,000 21,000 Instructions (a) Prepare the adjusting entry at December 31, 2017, to report the securities at fair value. (b) Show the balance sheet and income statement presentation at December 31, 2017, after adjustment to fair value.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 9E

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