Redfield Company has these data at December 31, 2012: The available-for-sale securities are held as a long-term

Question:

Redfield Company has these data at December 31, 2012:

The available-for-sale securities are held as a long-term investment.Instructions(a) Prepare the adjusting entries to report each class of securities at fair value.(b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss)accounts.