Dynamic Express Inc. prepared the summary shown below regarding its investments on December 31, 2017, its year-end.
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Dynamic Express Inc. prepared the summary shown below regarding its investments on December 31, 2017, its year-end. Prepare the appropriate entry on December 31, 2017, to record the fair value adjustment.
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Non-Strategic Investments Zelco shares..... IMC shares...... Petra shares Unadjusted Balance at Dec. 31/17 $102,000 540,000 96,000 Fair Values at Dec. 31/17 $ 98,000 547,000 48,000
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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