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At December 31, 2002, the trading securities for Yanu, Inc. are as follows:
Security Cost Fair Value
A 17500 16000
B 12500 14000
C 23000 19000
$53,000 $49,000
Instructions:
a) Prepare the adjusting entry at December 31, 2002, to report the securities at fair value.
b) Show the balance sheet and income statement presentation at December 31, 2002, after adjustment to fair value.
Examine the concept of financial risk by answering the following questions: (a) How does the risk of a portfolio change as the number of assets in the portfolio increases?
Compute the value added, nonvalue added, and the total lead time of the wreath process for both the old and the new manufacturing process.
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