ACCOUNTING PRINCIPLES 122 5/16 >C<
ACCOUNTING PRINCIPLES 122 5/16 >C<
17th Edition
ISBN: 9781323461471
Author: Horngren
Publisher: PEARSON C
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Chapter 15, Problem E15.12E
To determine

Concept Introduction:

Available for sale (AFS) securities are those securities which are not classified as trading or held-to-maturity securities. In other words we can say that those securities do not fall under trading or held-to-maturity securities categories, are known as available for sale securities.

Requirement 1

To prepare:

Journal entry for the investment transactions.

To determine

Requirement 2

To prepare:

Journal entry for the investment transactions.

To determine

Requirement 3;

To prepare:

Partial income statements as of December 31, 2017.

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