
Trading debt Investment:
Trading debt Investment is the investment made in the debt securities with an intention sell then in near future to each profit. Trading securities are adjusted in account for the gain or loss using the market value on the date of valuation. The debt securities are valued at market price and unrealized gain or loss is recognized in the income statement for the period.
1.
To prepare: The Journal entries for the Trading debt Investment
2. Presentation of the trading debt investment:
To indicate: The Presentation of the trading debt investment
3. Net effect on income:
To determine: The Net effect of the investment on income for the year ending Dec. 31, 2018.

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Chapter 15 Solutions
Horngren's Accounting, The Financial Chapters (12th Edition)
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