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At December 31, 2012, the trading securities for Oglesbee, Inc. are as follows.
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.
Geoffery and Sue are equal owners of Norse Corporation. They are considering a sale of the business. How much after tax cash will they have if they sell Norse's assets. How much if they sell the stock. Geoffery and Sue are equal partners of Norse L..
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