On December 31, 2015, Cookin' Pans Ltd., a publicly traded corporation using IFRS, had the following costs

Question:

On December 31, 2015, Cookin' Pans Ltd., a publicly traded using IFRS, had the following costs and fair values for its available-for-sale investments:

Name Total Cost $11,100 6.500 8,900 Total Fair Value $ 8,700 8.900 Buslt Inc. Caramel Dream Corp. Black Shirt Ltd. 11, 2

Journalize the adjusting entry required on December 31, 2015, to recognize these investments at fair value.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...