On December 31, 2013, Reggit Company held the following short- term investments in its portfolio of available-for-sale

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On December 31, 2013, Reggit Company held the following short- term investments in its portfolio of available-for-sale securities. Reggit had no short- term investments in its prior accounting periods.


On December 31, 2013, Reggit Company held the following short-


Prepare the December 31, 2013, adjusting entry to report these investments at fairvalue.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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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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