Chs 14-15 i IBM This is the first year that the company is in business. Following dashboard shows a company's year-end costs and fair values for debt securities making up its portfolio of trading securities. Oracle Cisco $0 $20 View transaction list 1 $40 Fair Value $90 Fair Value $80 Journal entry worksheet $60 Cost $100 Saved $80 Fair Value $140 Cost $110 Cost $120 Save & Exit Submit

Transcribed Image Text:

Chs 14-15 Seved This is the first year that the company is in business. Following dashboard shows a company's year-end costs and fair values for debt securities making up its portfolio of trading securities. IBM Oracle Cisco Fair Value $90 Cost $100 Fair Value $140 Cost $120 Fair Value $80 Cost $110 50 $20 $40 560 580 $100 $120 $140 Prepare the journal entry to record the December 31 year-end fair value adjustment to the portfolio of trading securities. View transaction list Journal entry worksheet Record the December 31 year-end fair value adjustment for the trading securities. < Prev 26 of 30 Next > Help Save & Exit Submit Chs 14-15 Seved This is the first year that the company is in business. Following dashboard shows a company's year-end costs and fair values for debt securities making up its portfolio of trading securities. IBM Oracle Cisco Fair Value $90 Cost $100 Fair Value $140 Cost $120 Fair Value $80 Cost $110 50 $20 $40 560 580 $100 $120 $140 Prepare the journal entry to record the December 31 year-end fair value adjustment to the portfolio of trading securities. View transaction list Journal entry worksheet Record the December 31 year-end fair value adjustment for the trading securities. < Prev 26 of 30 Next > Help Save & Exit Submit