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Cost and fair value data for the trading securities of Hayden Company at December 31, 2012, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.

Cost and fair value data for the trading securities of Hayden Company at December 31, 2012, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.


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Financial Accounting Tools for business decision making

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

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

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Question Details
Chapter # 15- Reporting and Analyzing Investments
Section: Brief Exercises
Problem: 4
Posted Date: September 22, 2011 11:30:59
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