Amazonas SA holds as a long-term investment non-trading share securities costing R$72,000. At December 31, 2020, the
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Amazonas SA holds as a long-term investment non-trading share securities costing R$72,000. At December 31, 2020, the fair value of the securities is R$66,000. Prepare the adjusting entry to record the securities at fair value. This is the company’s first year of operations.
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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