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the trading securities portfolio held by the Darren Corporation

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Description

the trading securities portfolio held by the Darren Corporation At January 1, 2013, the trading securities portfolio held by the Darren Corporation consisted of the following investments: 1. 2,000 shares of Temper common stock purchased for $42 per share. 2. 1,500 shares of Logan common stock purchased for $50 per share. At December 31, 2012, the fair values per share were Temper $38 and Logan $54. 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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