Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2022,

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Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2022, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jan 31, 2020 12:14 PM

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Cost and fair value data for the trading debt securities of Lecler Company at December 31, 2022,

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