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Required information Use the following information for the Exercises below. (Algo) [The following information applies to
Posted: Thu May 19, 2022 12:46 pm
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- Required Information Use The Following Information For The Exercises Below Algo The Following Information Applies To 1 (37.91 KiB) Viewed 31 times
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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the
questions displayed below.) On December 31, Mars
Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Chipotle stock Under Armour stock Cost $ 6,500 4,400 12,900 Fair Value $ 9,700 2,600 12,200 Exercise 15-10 (Algo) Fair value adjustment to stock investments with insignificant influence LO P4 Prepare the December 31 adjusting entry to report these investments at fair value, View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits
O Required information View transaction list Journal entry worksheet 1 Record the year-end adjustment to fair value, if any. Debit Credit Note: Enter debits before credits. Date General Journal December 31 Fair value adjustment - Stock Unrealized gain -Income Record entry Clear entry View general Journal