On December 31, 2011, Manhattan Co. held the following short-term available-for-sale securities. Manhattan had no short-term investments
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Manhattan had no short-term investments prior to the current period. Prepare the December 31, 2011, yearend adjusting entry to record the fair value adjustment for thesesecurities.
Transcribed Image Text:
Fair Value Nintendo Co. common stock-. ....$68.900$75.300 22,800 47,200 86.600 Atlantic bonds payable . .24.500 McDonald's Corp. common stock 91,400
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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