Examlex

Solved

On January 1, 2012, Valuation Allowance for Available-For-Sale Investments Had

question 25

Essay

On January 1, 2012, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $48,700, and the fair value was $39,200. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale investments on December 31, 2012.


Definitions:

Positivism

a philosophical theory stating that certain ("positive") knowledge is based on natural phenomena and their properties and relations as verified by empirical sciences.

Exotic Species

are species that are introduced into a new habitat where they are not naturally found, often causing ecological disruption.

Habitat Destruction

The process by which natural habitat is rendered unable to support the species present, leading to reduced biodiversity.

Related Questions