The cost of the trading debt securities of Sunland Company at December 31, 2020, is $59,000. At

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The cost of the trading debt securities of Sunland Company at December 31, 2020, is $59,000. At December 31, 2020, the fair value of the securities is $56,100.

Prepare the adjusting entry to record the securities at fair value. Prepare adjusting entry using 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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Posted Date: Jan 21, 2022 07:34 AM

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The cost of the trading debt securities of Sunland Company at December 31, 2020, is $59,000. At

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Adjusting entry Date Account t... View the full answer

Accounting Principles

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