On December 31, 2011, Loren Co. held the following short-term available-for-sale securities. Loren had no short-term investments

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On December 31, 2011, Loren Co. held the following short-term available-for-sale securities.

Loren had no short-term investments prior to the current period. Prepare the December 31, 2011, year-end adjusting entry to record the fair value adjustment for these securities.

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Financial Accounting with IFRS Fold Out Primer

ISBN: 978-0077413804

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Authors: John Wild

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Question Posted: Mar 18, 2015 10:59 AM

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On December 31, 2011, Loren Co. held the following short-term available-for-sale securities. Loren had no short-term investments

Question:

Cost Fair Value Nintendo Co. common stock .. Unilever bonds payable.. Kellogg Co. notes payable. .. McDonald's Corp. common stock $64,500 .25,800 46.440 87,075 $70,305 23,994 43,654 82,72

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Computation of Fair Value Adjustment Cost Fair Value Unrealized Gain Loss ...View the full answer

Financial Accounting with IFRS Fold Out Primer

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