Business, 13.01.2021 17:40 jprofaci29

Smith buys and sells securities. On December 15, 2018, Smith purchased $548,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2018, the Jones shares had a fair value of $594,000. In the 2018 financial statements, Smith will report (ignore taxes):

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Smith buys and sells securities. On December 15, 2018, Smith purchased $548,000 of Jones shares and...