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Uttinger Company has the following data at December 31, 2015.
Securities Cost Fair Value
Trading 130,000 126,000
Available for Sale 100,00 96,000
The available-for-sale securities are held as a long-term investment.
Instructions
Prepare the adjusting entries to report each class of securities at fair value.
Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts.
?Held-to-maturity investments applies only to debt securities because? ________. The Frozen Lake Company issues? $530,000 of? 9%, 10-year bonds at 105 on March? 31, 2017. The bond pays interest on March 31 and September 30. Assume that the company us..
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The matching principle states that expenses should be matched with revenues. Another way of stating him principle is to say that...
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