edugen.wileyplus.com Return to Blackboard Kieso, Intermediate Accounting, 16th E
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edugen.wileyplus.com Return to Blackboard Kieso, Intermediate Accounting, 16th Edition, Custom WileyPLUS BlackBoard Course Card for Bronx Community College Help System Announcements Assignment Assignment> Open Assignment ASSIGNMENT RESOURCES Chapter 17 Assignments PRINTER VERSION BAC NEXT Exercise 17-9 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Cullumber, Inc. is as follows ACC 113 Fall 2018 Unrealized Gain (Loss) Securi Cost Fair Value Exercise 17-3 (Part $24,500 17,500 32,200 $74,200 $21,000 19,600 35,700 $76,300 $(3,500) ercise 17 Exercise 17-9 (Part Level Submission 2,100 3,500 2,100 560 $1,540 cise 17 vel Submission Pa Total Previous fair value adjustment balance- Dr Fair value adjustment-Dr. Review Score Review Results by Study Objective On January 20, 2018, Cullumber, Inc. sold security A for $21,140. The sale proceeds are net of brokerage fees (a) Your answer is correct. Prepare the adjusting entry at December 31, 2017, to report the portfolio 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.) Account Titles and Explanation Debit Credit Fair Value Adjustment 1540 Unrealized Holding Gair 1540 License Agreement | Privacy Policy © 2000-2018 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.9.3Explanation / Answer
Balance Sheet partial as on December 31 2017 Current assets Available for sale securities $ 76,300.00 Stockholders equity common stock additional paid in capital retained earning Add: accumulated other comprehesive income (560+1540) $ 2,100.00 Total stockholder's equity $ 78,400.00
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