178 22 (Part Level indign Company has the folowing investments as of December 31

Question

178 22 (Part Level indign Company has the folowing investments as of December 31, 2017 s in comemon stock of Laser Company e Company $3,220,000 n both Compary. 1r the carrying value and the far vakue of these two nvesements are the same at Decemter 31, 2017,ndige's stock investments does not result in signficant wdluence on the operatons of Laser s dele awestment is considered held-to maturity, t December 31, 2018, the shares in Laser Company ane vakued at $1,140.000 the debt investment secunties of forSquare ane valued at (a)

Explanation / Answer

d) Accounts Title Dr Cr Loss on Impairement of Available for sale securities $930,000 Available for Sale securities $930,000 If any doubt please comment

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