Question: 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

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.

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answer Tina would report the data in the financial statements as follows Nontrading investments 7... View full answer

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