Question: I'm posting it for the second time could you please help with this asap it's due in 40 minutes As financial reporting advisors, we are

I'm posting it for the second time could you please help with this asap it's due in 40 minutes

this asap it's due in 40 minutes As financial reporting advisors, we

for stock investments. This is the first year Sterling had extra cash

As financial reporting advisors, we are asked by the head of Sterling Company to advise in accounting for stock investments. This is the first year Sterling had extra cash to invest in stock investments, and it purchased 1,000 shares of LDX for $23 on January 1 of this year. The Tableau Dashboard is provided to aid us in our analysis. 1. Prepare Sterling's journal entry on January 1 to record its purchase of stock investments with insignificant infiuence. 2. What is the fair value of Sterling's portfolio of stock investments on December 31 of this year? 3. Does Sterling record a gain or loss in its December 31 year-end adjusting entry to report its stock investments with insignificas influence at fair value? Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare Sterling's journal entry on January 1 to record its purchase of stock investments with insignificant influence. 1. Prepare Sterling's journal entry on January 1 to record its purchase of stock investments with insignificant influence. 2. What is the fair value of Sterling's portfolio of stock investments on December 31 of this year? 3. Does Sterling record a gain or loss in its December 31 year-end adjusting entry to report its stock investments with insignificar influence at fair value? * Answer is not complete. Complete this question by entering your answers in the tabs below. What is the fair value of Sterling's portfollo of stock investments on December 31 of this year? 1. Prepare Sterling's journal entry on January 1 to record its purchase of stock investments with insignificant influence. 2. What is the fair value of Sterling's portfolio of stock investments on December 31 of this year? 3. Does Sterting record a gain or loss in its December 31 year-end adjusting entry to report its stock investments with insignificant. influence at fair value? Answer is not complete. Complete this question by entering your answers in the tabs below

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