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Accounting help? UMUC ACC 221 // Weygandt, Accounting Principles, 11e

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Exercise 16-12 Uttinger Company has the following data at December 31, 2014.;Securities Cost Fair Value;Trading $120,310 $123,960;Available-for-sale 100,310 93,410;The available-for-sale securities are held as a long-term investment.;Your answer is partially correct. Try again.;Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.);No. Account Titles and Explanation Debit Credit;(1);(2);SHOW LIST OF ACCOUNTS;LINK TO TEXT;Your answer is partially correct. Try again.;Indicate the statement presentation of each class of securities.;Uttinger Company;Balance Sheet;December 31, 2014;$;$;Indicate the related unrealized gain (loss) accounts.;Uttinger Company;Income Statement (Detailed);For the year ended December 31, 2014;$

 

Paper#76262 | Written in 18-Jul-2015

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