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In this assignment, you will practice how to classify investments into the appropriate categories, record purchases and sales of different types of investments, and prepare journal entries to record any periodic adjustments required by GAAP.

You will also learn how investment securities should be presented in financial statements. These skills will help you to work as a controller when there is an investment portfolio, as well as to prepare you to work as an auditor when you are required to evaluate a client's accounting for investments.

Consider the scenario of Real-Time Corporation, a diversified company using an investment portfolio to manage their liquidity and to enhance earnings. Click here to download information about their investment portfolio and investment transactions made during 2010 and 2011.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M940194

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