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However, interest and dividends can be accrued in the necessary asset accounts. Trading securities provide revenue for a firm’s daily operations, and they are recorded in a firms operating income which is listed on the Income Statement.
iii. Unrealized Market Adjustment-TS $1
Unrealized Gain-TS $1
B i. Available-for-sale securities are all equity securities that have a readily
determinable fair value and are not classified as trading securities.
ii. Cash $1
Dividend Income $1
Interest or dividends will be reported at the date it is supposed to be received. Most payments are in cash. However, interest and dividends can be accrued in the necessary asset accounts...
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Common topics in this essay:
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