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The cost and fair value of the trading securities heid by Lindy Company as of...

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Accounting

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The cost and fair value of the trading securities heid by Lindy Company as of December 31 are as follows: Required: 1. Complete the table above to find the total cost and fair value far the mmnnny's trading securities portfolio. 2. Calculate and record the required December 31 adjustment. Dec 31 3. Explain how the adjustment from pert 2 is reported on Undy's financial statements. The and be reported under current assets. Wal be reported on the income statement as other incame, The Will be added to the cost of imvestments The cost and fair value of the trading securities held by Lindy Company as of December 31 are as follows: Required: 1. Complete the table above to find the total cout and fair value for the company's trading secierities portfolio. 3. Explain how the adjustment from part 2 is reported en Undy's financial statements. The will be reported on the income statement as other income. The will be added to the cost of investments and be reported under current assets

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