On December 31, 2013, Lujack Co. held the following short- term available- for- sale securities. Lujack had

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On December 31, 2013, Lujack Co. held the following short- term available- for- sale securities.

Lujack had no short-term investments prior to the current period. Prepare the December 31, 2013, year- end adjusting entry to record the fair value adjustment for thesesecurities.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

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

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Question Posted: Nov 26, 2013 10:59 AM

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On December 31, 2013, Lujack Co. held the following short- term available- for- sale securities. Lujack had

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Cost Fair Value .$44450 $48,900 47,000 23.200 44.800 Adantic bonds payable . 49.000 McDonald's Corp. common stock.46,300

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

Fundamental accounting principle

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