Question: Dynamic Express Inc. prepared the summary shown below regarding its investments on December 31, 2023, its year-end. Prepare the appropriate entry on December 31, 2023,

Dynamic Express Inc. prepared the summary shown below regarding its investments on December 31, 2023, its year-end. Prepare the appropriate entry on December 31, 2023, to record the fair value adjustment.

Non-Strategic Investments Unadjusted Balance at Dec. 31/23 Fair Values at Dec. 31/23

Non-Strategic Investments Unadjusted Balance at Dec. 31/23 Fair Values at Dec. 31/23 $102,000 $ 98,000 540,000 547,000 96,000 48,000 Zelco shares..... IMC shares Petra shares

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