The cost of the trading debt securities of Munoz Company at December 31, 2020, is $64,000. At

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The cost of the trading debt securities of Munoz Company at December 31, 2020, is $64,000. At December 31, 2020, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value.

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Accounting Principles

ISBN: 978-1119411482

13th edition

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

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Question Posted: Jan 15, 2019 06:55 AM

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The cost of the trading debt securities of Munoz Company at December 31, 2020, is $64,000. At

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Accounting Principles

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