Jill Hollern is the controller of Chavez Inc. At December 31, the companys investments in trading securities

Question:

Jill Hollern is the controller of Chavez Inc. At December 31, the company’s investments in trading securities cost $74,000. They have a fair value of $72,000. Indicate how Jill would report these data in the prepared on December 31.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...