Use the information from be17-5 but assume the stock was
1. Use the information from BE17-5 but assume the stock was purchased as a trading security. Prepare Fairbanks's journal entries to record
(a) The purchase of the investment,
(b) The dividends received, and
(c) The fair value adjustment.
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1 use the information from be17-5 but assume the stock was purchased as a trading security prepare fairbankss journal
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