Cost and fair value for the trading investments of Kootenay Ltd. at December 31, 2012, are $102,000
Question:
(a) Prepare the adjusting entry to record the investments at fair value.
(b) Show the financial statement presentation of the investments and any related accounts.
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a Dec 31 Trading Investments ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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