Question

On December 31, 2011, the market value of Pirat Tech Company’s portfolio of long-term available-for-sale securities was $640,000. The cost of these securities was $570,000. Prepare the journal entry to adjust the portfolio to market at year-end, assuming that the company did not have any long-term investments prior to 2011.



$1.99
Sales1
Views87
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000