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question uttinger company has the following data at december 31 2017 securities cost 4282226


Uttinger Company has the following data at December 31,2017.

Securities/ Cost/ Fair Value

Trading/ $120,300 /$125,000

Available-for-sale/ $100,100/ $92,700

The available-for-sale securities are held as a long-terminvestment.

A) Prepare the adjusting entries to report: (1) Tradingsecurities at fair value and (2) Available-for-sale securities atfair value.

B) Indicate the statement presentation of each class ofsecurities.

C) Indicate the related unrealized gain (loss) accounts.


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