At December 31, 2011, the fair value through profit or loss securities for Geneva, Inc. arc as
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Instructions
(a) Prepare the adjusting entry at December 31, 2011, to report the securities at fair value.
(b) Show the statement of financial position and income statement presentation at December 31, 2011. after adjustment to fairvalue.
Transcribed Image Text:
Security Costair Value CHF17,500 CHF16,000 14,000 19,000 CHFS3.000 CHF49,000 12,500 23,000
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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