Horngren's Accounting (11th Edition)
Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 15, Problem 8QC
To determine

Reporting of market value difference in Financial statements:

Any change in fair value of investments classified as trading, the unrecognized gain will be added to the net income and debited to account of securities fair value account. In case of loss it will be reduced from the income and credited to securities value account.

To indicate: How the value of difference in investments held as trading to be reported in Financial statements.

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