Presented is situation involving equity securities

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Reference no: EM131222090

Presented below is a situation involving equity securities:

An equity security, whose fair value is currently less than cost, is classified as available - for - sale but is to be reclassified as trading. Instructions Answer the following question.

What is the effect upon carrying value and earnings for the scenario presented?

Reference no: EM131222090

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Presented is situation involving equity securities : Presented below is a situation involving equity securities: What is the effect upon carrying value and earnings for the scenario presented?

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