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At Decrmber 31, 2014, the trading securities are as follows. Security          Cost             Fair Value       A &nbs

At Decrmber 31, 2014, the trading securities are as follows.

Security          Cost             Fair Value
      A              $17400          $15900
      B                 12700             14300
      C                  23200            19100
                           53300           49300
Show the balance sheet and income statement presentation at December 32, 2014, after adjustment of fair value.

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Answer #1

Answer:

The exchanging securities are accounted for at their feasible incentive to be determined sheet.

For this situation, it will be $49,000.

The decrease of $4,000 will be accounted for as a misfortune in the salary explanation

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