On December 31, 2009, the market value of Logan Tech Companys portfolio of long-term available-for-sale securities was
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On December 31, 2009, the market value of Logan Tech Company’s portfolio of long-term available-for-sale securities was $320,000. The cost of these securities was $285,000. Prepare the entry in journal form to adjust the portfolio to market at year end, assuming that the company did not have any long-term investments prior to 2009.
PortfolioA portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-1439037805
9th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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