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FUND.ACCT.PRIN -ONLINE ONLY >I<
22nd Edition
ISBN: 9780077632878
Author: Wild
Publisher: MCG
Question
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Chapter 15, Problem 5BPSB
To determine

Introduction:

In the security market, debt, bond, certificate of deposits, equities etc are financial tools which are usually traded. These are called securities.

To calculate:

  1. The amount Troyer should report on its December 31, 2016, balance sheet for long term investments in Available-For-Sale securities.
  2. Any necessary December 31, 2015 adjusting entry to record the fair value adjustment for long term investments in Available-For-Sale securities.
  3. The amount of gain or losses on transactions relating to long term investments in Available-For-Sale securities to be reported by Troyer on December 31st 2016, income statement.

Blurred answer

Chapter 15 Solutions

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