Amazonas Company holds as a long-term investment available-for-sale share securities costing R$72,000. At December 31, 2011, the

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Amazonas Company holds as a long-term investment available-for-sale share securities costing R$72,000. At December 31, 2011, the fair value of the securities is R$66,000. Prepare the adjusting entry to record the securities at fair value.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 11, 2013 06:26 AM

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Amazonas Company holds as a long-term investment available-for-sale share securities costing R$72,000. At December 31, 2011, the

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Financial accounting

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