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The cost of the trading securities of Hardy Company at December 31, 2012, is $62,000. At December 31, 2012, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value.

Chapter 16, Brief Exercises #4
The cost of the trading securities of Hardy Company at December 31, 2012, is $62,000. At December 31, 2012, 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

Accounting Principles

10th Edition

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

ISBN: 978-0470534793

Answers for Questions in Chapter 16

Brief Exercises:
COMPREHENSIVE PROBLEM:
Continuing cookie chronicle:
DO IT! Review:
Exercises:
Financial Reporting Problem:
Problem Set A:
Problem Set B:
Questions:

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