Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in

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Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrip€™s December 31, 2013, adjusting entry to reflect any necessary fair value adjustment for theseinvestments.
Prescrip Co. began operations in 2012. The cost and fair
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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