Question: Problem 19 FAIR VALUE ADJUSTMENTS 3 journal entries Proble INSTRUCTIONS: Prepare the journal entries to report the securities at fair value at 12-31-20 ABC Corp.

Problem 19 FAIR VALUE ADJUSTMENTS 3 journal entries Proble INSTRUCTIONS: Prepare the journal entries to report the securities at fair value at 12-31-20 ABC Corp. has the following information at December 31, 2020 for its securities. Da SECURITIES Trading securities (Debt Investments) Available for sale securities (Debt Investments) Stock Investments COST 25,000 30,000 48,000 FAIR VALUE 20,000 34,000 45,000

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