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Tomm Tomm
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6 years ago
An investment in common shares at fair value through other comprehensive income acquired during 2014 at a cost of $46,000 has a market value on December 31, 2014, of $46,721. The adjusting entry requires a debit to long term investments (at fair value through other comprehensive income) for $721.
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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ACC 925

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6 years ago
TRUE
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