Pacific Fishing Inc.s actively traded non - strategic investments as of December 3 1 , 2 0
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Question:
Pacific Fishing Inc.s actively traded nonstrategic investments as of December are as follows:
Cost Fair Value
Enviroclean common shares $ $
Northern Utilities common shares
Imperial Oil common shares
Farmer Solar Limited common shares
Pacific Fishing Inc. had no investments prior to
Required:
Prepare the fair value adjustment at December based on the information provided.
Illustrate how the investments will be reported on the December balance sheet.
Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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