Question: In its first year of operations Mallein Corporation purchased available for sale

In its first year of operations, Mallein Corporation purchased available-for-sale stock securities costing $72,000 as a long-term investment. At December 31, 2014, the fair value of the securities is $69,000. Prepare the adjusting entry to record the securities at fair value.


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  • CreatedApril 07, 2014
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