Bicknel Technologies Inc. purchased the following securities during 2012:
Prepare the journal entries to do the following:
1. Adjust the portfolio of securities to its fair value at December 31, 2012.
2. Reclassify security B as an available-for-sale security in 2013.
3. Reclassify security C as a trading security in 2013?
This question was answered on: Jul 11, 2017
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