Explain how to record the sale of trading securities.
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Explain how to record the sale of trading securities.
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Explain how to record the sale of trading securities.
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When companies record the sale of trading securities, they do so at fair market value. There are three main types of trading securities, which include trading, held-to-maturity, and available for sale. The exact recording procedure will vary depending on the type of security involved. When a company records the sale of a trading security, an adjustment is always made to the ...
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