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How would the observable transactions related to the shares

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Reference no: EM132977057

Company A ( public company) bought preferred stocks of company x ( private company) on 1st Q and then bought preferred stocks of company Y ( private company) on 2nd Q

Problem 1. For purposes of the Q2 2019 financial statements, how would the observable transactions related to the shares of Series A preferred stock purchased of Company Y on May 1, 2019, affect the measurement of the Series A preferred stock purchased of Company X?

 

Reference no: EM132977057

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