Capitulo $15$ i

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Exercise $15-6($Static$)$ Fair value adjustment to available$-$for$-$sale debt securities LO P$3$

On December $31,$ Lujack Company held the following short$-$term available$-$for$-$sale securities$.$ Lujack had no $$hort$-$term investments prior to the current period.

$3$ points

Prepare the December $31$ year$-$end adjusting entry to record the fair value adjustment for these debt securities$.$

Complete this question by entering your answers in the tabs below.

Fair Value Adjustment

Computation of fair value adjustment.

$\backslash$table$[[$Computation of Fair Value Adjustment$],[$Available$-$for$-$Sale Securities,Cost,Fair Value,$\backslash$table$[[$Unrealized$],[$Amount$]],$Gain or Loss?$],[$Nintendo Company notes,$$44,450,$$$48,900,,],[$Atlantic bonds,$49,000,47,000,,],[$Kellogg Company notes,$25,000,23,200,,],[$McDonald$\text{'}$s Corporation bonds,$46,300,44,800,,],[$Totals$,$$$164,750,$$$163,900,,$Unrealized loss$]]$