Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th
Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th
14th Edition
ISBN: 9781305878839
Author: Carl Warren, Jonathan Duchac, James M. Reeve
Publisher: Cengage Learning
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Chapter D, Problem D.11EX

Valuing available-for-sale securities at fair value

On January 1. 20Y5. Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 20Y5, the cost of the available-for-sale was $24,260, and the fair value was $26,350. Journalize the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31. 20Y5.

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