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adjusting entry to report the portfolio at fair value at December 31, 2013

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adjusting entry to report the portfolio at fair value at December 31, 2013 At January 1, 2013, the Non-trading securities portfolio held by Hyde Corporation consisted of the following investments: 1. 2,500 shares of Park common stock purchased for $42 per share. 2. 1,500 shares of Grace common stock purchased for $60 per share. At December 31, 2013, the fair values per share were Park $36 and Grace $68. Instructions (a) Prepare a schedule showing the cost and fair value of the portfolio at December 31, 2013. (b) Prepare the adjusting entry to report the portfolio at fair value at December 31, 2013. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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