ACCOUNTING PRINCIPLES V1 6/17 >C<
ACCOUNTING PRINCIPLES V1 6/17 >C<
3rd Edition
ISBN: 9781323761434
Author: Horngren
Publisher: PEARSON C
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Chapter 15, Problem S15.5SE
To determine

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. Journal entries for the Trading debt Investment transactions

To prepare: The Journal entries for the Trading debt Investment

To determine

2. Presentation of the trading debt investment:

To indicate: The Presentation of the trading debt investment

To determine

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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