Accounting Equity Investments Fair Value Method The following information is avallable...
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Accounting
Accounting
Equity Investments Fair Value Method The following information is avallable for the Rosen Company as of December 31 , year 1 regarding its investments. Requirements 1. Make an adjusting entry needed for December 31 , year 1. 2. During year 2 , Rosen sold its investment in Oliver Company for $22,500. Make a journal entry to record the sale. 3. At the end of year 2 , the Grimes Company shares had a fair value of $45,250. Make the adjusting entry needed for December 31 , year 2
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