Using the data in Question 13, how would Tina report the data if the investment were long-term
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Using the data in Question 13, how would Tina report the data if the investment were long-term and the securities were classified as non-trading?
Question 13
Tina Eddings is the controller of Mendez SLU. At December 31, the company’s investments in trading securities cost €74,000. They have a fair value of €70,000. Indicate how Tina would report these data in the financial statements prepared on December 31.
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answer Tina would report the data in the financial statements as follows Nontrading investments 7...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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