Question: E 1 6 . 1 1 ( LO 3 ) , AP Financial Statement Writing At December 3 1 , 2 0 2 2 ,

E16.11(LO 3), AP Financial Statement Writing At December 31,2022, available-for-sale debt securities
for Storrer, Inc. are as follows. The securities are considered to be a long-term investment.
Instructions
a. Prepare the adjusting entry at December 31,2022, to report the securities at fair value.
b. Show the statement presentation at December 31,2022, after adjustment to fair value.
E16.11(LO 3), AP Financial Statement Writing At December 31,2022, available-for-sale debt

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