Question: On January 1 2014 Valuation Allowance for Available for Sale Investments had

On January 1, 2014, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2014, the cost of the available-for-sale securities was $78,400, and the fair value was $72,600. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 2014.


View Solution:


Sale on SolutionInn
Sales0
Views84
Comments
  • CreatedFebruary 28, 2014
  • Files Included
Post your question
5000