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Prepare the adjusting entry at december

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Reference no: EM13538479

At December 31, 2012, the trading securities for Oglesbee, Inc. are as follows.

440_Prepare the adjusting entry at December.PNG

Instructions

(a) Prepare the adjusting entry at December 31, 2012, to report the securities at fair value.

(b) Show the balance sheet and income statement presentation at December 31, 2012, after adjustment to fairvalue.

Reference no: EM13538479

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