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Question: At the end of the year, White Company had 4,000 shares of Doc common stock costing $8.30 per share and 3,000 shares of Sleepy preferred stock costing $120 per share. The market prices of the stocks on December 31were Doc $7 per share and Sleepy $121 per share. Assuming the stock investments had been purchased as trading securities:
(1) give the adjusting entry required on December 31;
(2) indicate the financial statement presentation of the investment accounts on December 31--be sure to indicate whether the accounts are presented on the income statement or balance sheet and the amounts.
youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders
oklahoma manufacturing company uses a standard cost accounting system. in 2012 the company produced 28300 units. each
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