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E13.12 Zippydah SE has the following data at December 31,2020. The non-trading securities...

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Question

Accounting

E13.12 Zippydah SE has the following data at December 31,2020.
The non-trading securities are held as a long-term investment. This is the first year of the
company's operations.
Instructions
a. Prepare the adjusting entries to report each class of securities at fair value.
b. Indicate the statement presentation of each class of securities and the related unrealized
gain (loss) accounts.
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