At the end of the year, Viella Company had the following securities: Make the necessary journal entry
Question:
Make the necessary journal entry (or entries) to record the change in value of the companys trading security (Security3).
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Historical Cost Market Value (December 31) Security Classification Available-for-sale Available-for-sale Trading $52,000 $52,400 2 11,500 24,250 23,500
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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