McGee Company has the following data at December 31, 2010. The available-for-sale securities are held as a

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McGee Company has the following data at December 31, 2010.

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The available-for-sale securities are held as a long-term investment.Instructions(a) Prepare the adjusting entries to report each class of securities at fair value.(b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss)accounts.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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