Question: At December 31 2014 the trading securitiesfor Puckett Inc are

At December 31, 2014, the trading securitiesfor Puckett, Inc. are as follows.


Instructions
(a) Prepare the adjusting entry at December 31, 2014, to report the securities at fair value.
(b) Show the balance sheet and income statement presentation at December 31, 2014, after adjustment to fairvalue.
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  • CreatedApril 07, 2014
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