Question: For the data presented in BE12-6, show the financial statement presentation of the non-trading securities and related accounts. Assume the non-trading securities are noncurrent. Data

For the data presented in BE12-6, show the financial statement presentation of the non-trading securities and related accounts. Assume the non-trading securities are noncurrent.

Data From BE12-6:

Latrobe Corporation holds as a long-term investment non-trading stock securities costing $72,000. At December 31, 2014, the fair value of the securities is $66,000. Prepare the adjusting entry to record the securities at fair value.

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