Using the data in Question 13, how would Tina report

Using the data in Question 13, how would Tina report the data if the investment were long-term and the securities were classified as non-trading?


Question 13

Tina Eddings is the controller of Mendez SLU. At December 31, the company’s investments in trading securities cost €74,000. They have a fair value of €70,000. Indicate how Tina would report these data in the financial statements prepared on December 31.


Answer:

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