Amazonas SA holds as a long-term investment non-trading share securities costing R($72,000.) At December 31, 2025, the

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Amazonas SA holds as a long-term investment non-trading share securities costing R\($72,000.\) At December 31, 2025, 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.

Indicate statement presentation using fair value.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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