For the data presented in BEH.4 , show the financial statement presentation of the trading securities and

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For the data presented in BEH.4, show the financial statement presentation of the trading securities and related accounts.


Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2022, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.

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Accounting Tools For Business Decision Making

ISBN: 9781119571056

7th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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