At December 31, 2012, the trading securities for Oglesbee, Inc. are as follows. Instructions(a) Prepare the adjusting
Question:
At December 31, 2012, the trading securities for Oglesbee, Inc. are as follows.
Instructions(a) Prepare the adjusting entry at December 31, 2012, to report the securities at fair value.(b) Show the balance sheet and income statement presentation at December 31, 2012, after adjustment to fairvalue.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Dec 31 Unrealized Loss x Income 4000 Market Adju...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
76+ Reviews
152+ Question Solved
Related Book For 
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
