Adjustment of available for sale securities to fair value, Accounting Basics

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Adjustment of available for sale securities to fair value

Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.

Prepare the December 31, 2013 journal entry to record the adjustment of available for sale securities to fair value.

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Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

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Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find the approximate future value of initial investment

Q : The investment was accounted for by the equity

Q : Prepare in general journal form

Q : Which needs to be considered relating to project assets

Q : Adjustment of available for sale securities to fair value

Q : Prepare a schedule disclosing the changes

Q : Reflection paper-personal and professional life

Q : Events affecting the stockholders equity

Q : Calculate the average rate of return for project

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

Recent Questions Asked Accounting Basics

Q : Find the approximate future value of initial investment

Q : The investment was accounted for by the equity

Q : Prepare in general journal form

Q : Which needs to be considered relating to project assets

Q : Adjustment of available for sale securities to fair value

Q : Prepare a schedule disclosing the changes

Q : Reflection paper-personal and professional life

Q : Events affecting the stockholders equity

Q : Calculate the average rate of return for project

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