The data on the available for sale securities of Rock Corp are as follows Cost Market value December 31, 20X7 ps 80 000 ps 65,000 December 31, 20X8 ps 80 000 ps 90 000 Differences between cost and market values are considered temporary Rock does not elect the fair value option of accounting for ava...

Solution We need to find Rock Corps other cumulativ ...

The data on the available-for-sale securities of Rock Corp. are as follows: Cost Market value December 31,

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The data on the available-for-sale securities of Rock Corp. are as follows:

	Cost		Market value
December 31, 20X7	ps	80.000	ps	65,000
December 31, 20X8	ps	80.000	ps	90.000

Differences between cost and market values are considered temporary. Rock does not elect the fair value option of accounting for available-for-sale securities.

What would be Rock's other cumulative integral utility?

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Advanced Financial Accounting

ISBN: 978-0132928939

7th edition

Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay

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Posted Date: Jul 14, 2023 08:13 AM

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The data on the available-for-sale securities of Rock Corp. are as follows: Cost Market value December 31,

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