Question: Please do parts (A) and (B). Prepare adjusting entry to record fair value, and indicate statement presentation At December 31,201 5, the trading securities for

Please do parts (A) and (B). Prepare adjusting entry to record Please do parts (A) and (B).

Prepare adjusting entry to record fair value, and indicate statement presentation At December 31,201 5, the trading securities for Storrer, Inc. are as follows. Prepare the adjusting entry at December 31,2015, to report the securities at fair value. Show the balance sheet presentation at December 31,2015, after adjustment to fair value. Prepare the current assets section of the balance sheet using the partial trial balance information below

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