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Prescrip Co. began operations in 2014. The cost and fair values for its long-term investments portfolio in available-for-sale securities are

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Prescrip Co. began operations in 2014. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrip€™s December 31, 2015, adjusting entry to reflect any necessary fair value adjustment for these investments.
Prescrip Co. began operations in 2014. The cost and fair
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Portfolio of Available-for-Sale Securities Cost Fair Value December 31, 2014... $120,483 118,556 60,120 90,271

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Dec 31 Fair Value Adjustment AFS LT 32 078 Unrealized Loss Equity 1 92…View the full answer


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Fundamental Accounting Principles

Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: April 23, 2015 03:06:29
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