Delware Inc. prepared the summary shown below regarding its investments on December 31, 2014, its year-end. Prepare

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Delware Inc. prepared the summary shown below regarding its investments on December 31, 2014, its year-end. Prepare the appropriate entry on December 31, 2014, to record the impairmentadjustment.

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 08:58 AM

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Delware Inc. prepared the summary shown below regarding its investments on December 31, 2014, its year-end. Prepare

Question:

Non-Strategic Investments Zelco shares. IMC shares Petra shares Unadjusted Balance at Dec. 31/14 $102,000 540,000 Fair Values at Dec. 31/14 98,000 547,000 48,000 96,000

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