Question: Using the data in E125, assume that General Solutions management purchased the MicroTech stock for the available-for-sale portfolio instead of the trading securities portfolio. Prepare

Using the data in E12–5, assume that General Solution’s management purchased the MicroTech stock for the available-for-sale portfolio instead of the trading securities portfolio. Prepare any journal entries that are required by the facts presented in the case.

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March 10 2009 Investment in SAS A 450000 Cash A 450000 Dec 31 2009 Allowance to value at market SAS ... View full answer

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