Question: Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrips December

Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments in available-for-sale securities are shown below. Prepare Prescrip€™s December 31, 2013, adjusting entry to reflect any necessary fair value adjustment for theseinvestments.

Cost Fair Value December 31.2012..120483 $118.556 December 31.201360,120 90.271

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