Garrett corporation holds as a long-term investment


Garrett Corporation holds as a long-term investment available-for-sale stock securities costing $72,000. At December 31, 2011, the fair value of the securities is $66,000. Prepare the adjusting entry to record the securities at fair value.

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Accounting Basics: Garrett corporation holds as a long-term investment
Reference No:- TGS0795236

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