Question: please reply fast and provide clear right answer thank u! Instructions The investments of Charger Inc. Include an investment of trading securities of Raiders Inc.

The investments of Charger Inc. Include an investment of trading securities of

Raiders Inc. purchased on February 24, 2017 for $491,720. The fair value

please reply fast and provide clear right answer thank u!

Instructions The investments of Charger Inc. Include an investment of trading securities of Raiders Inc. purchased on February 24, 2017 for $491,720. The fair value of the securities on December 31, 2077, is $569,360. Required: a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December 31, 2017 Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every Nine on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered b. How is a unrealized gain or loss for trading investments reported on the financial statements ? c. If the Raiders Inc securities had been classified as available-for-sale securities, how would the investment be reported on the financial statements?

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