Carpark Services began operations in 20X1 and holds long-term investments in available-for-sale debt securities. Set forth below

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Carpark Services began operations in 20X1 and holds long-term investments in available-for-sale debt securities. Set forth below are the year-end cost and fair values of your portfolio of these debt securities.

Available for sale securities	Cost		fair value
December 31, 20X1	ps	250.000	ps	241,000
December 31, 20X2	ps	340.000	ps	350.000

Record the year-end adjusting entry for the unrealized gain/loss at 31 December 20X1.

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Posted Date: May 12, 2023 07:27 AM

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Carpark Services began operations in 20X1 and holds long-term investments in available-for-sale debt securities. Set forth below

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SOLUTION The journal entry to record the unrealized gainloss at 31 December 20X1 is as follows Debit ... View the full answer

Fundamental Accounting Principles

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