Uttinger Company has the following data at December 31, 2015.

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E12-12 Uttinger Company has the following data at December 31, 2015.

                       

The available-for-sale securities are held as a long-term investment.

 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.

    • 8 years ago
    Uttinger Company has the following data at December 31, 2015.
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