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

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

Manhattan had no short-term investments prior to the current period. Prepare the December 31, 2011, yearend adjusting entry to record the fair value adjustment for thesesecurities.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:16 AM

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

Question:

Fair Value Nintendo Co. common stock-. ....$68.900$75.300 22,800 47,200 86.600 Atlantic bonds payable . .24.500 McDonald's Corp. common stock 91,400

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

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