On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its

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On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its held-for-trading investments:

Name Total Cost Total Fair Value Rock Bingo Inc. Pebble Beech Corp. Red Sun Inc. $11,300 4.500 1,000 $13,500 6.000 800

Journalize the adjusting entry required on December 31, 2015, to recognize these invest- ments at fair value.

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:28 AM

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On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its

Question:

Name Total Cost Total Fair Value Rock Bingo Inc. Pebble Beech Corp. Red Sun Inc. $11,300 4.500 1,000 $13,500 6.000 800

Step by Step Answer:

HeldforTrading InvestmentsRock Bingo Inc ...View the full answer

Accounting Volume 2

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