1.20ments prior to the current period Prepare the December 31.3017, yeur-end December 31, 651 investments prior to the fair value adjustmient for these 15-8 Nintendo Co. common stock Aslantic bonds payable Kellogg Co. notes payabie McDonald's Corp. common stock P3 000 40 25000 23200 6.300440 operations in 2016. The cost and fair values for its long-term investments peortiolio .alesecurities are shown below. Prepare the Dcember 31, 2017, a astessry fair value adjustment for these investments 15-9 ing-bead- available-for-sale securities P3 Portfolio of Available-for Sale Securities Cost Fair Valu December 31, 2017.... $120 483$556 Services began operations in 2 Ticker nties. The year-end cost ries to record each year-end fair value adjustment for these securities 015 and maintains long-term investments in available-foe-sale sece and fair values for its portfolio of these investments follow Prepare journmal en Mutyea tar v Exercise 15-10 P3 Portfolio of Available-for-Sale Securities December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018. Cost Fair Vaue 372.000$360 860 428 500 455.800 00,200700500 76 900 780 200 leformation regarding Carperk Company's individual inmestments in securities dering is calenea 3017, along with the December 31, 2017, fair values, follows Esercise 15-1 l investments in securities during its calendar-year Exercise 15-11 tair values a Iavestment in Brava Company bonds: $420,500 cost: $457,000 fair value. Carperk insends to hold in securities: recording hese bonds until they mature in 2022. owns 32% of Baybridge's voting stock and has a significant influence over Baybntpe. lavestment in Buffa common stock: 12000 shares; $165,500 cost: $178,000 fair value. This inves- ment amounts to 3% of Buffa's outstanding shares and Carperk's pal with this mesnet i bean B Investment in Baybridge common stock: 29,500 shares; $362450 cost: $391,375 fair valse Carperk C1 P2 P3 P in Newton common stock: 3,500 shares: $90.300 cost: $88,625 fair valse. Carperk's goul investment is to reap an increase in fair value of the stock over the next three to five years dividends over the next few years. d. Investment with this has 30,000 common shares outstanding. in Farmers common stock: 16,300 shares: $100.860 cost: $111.210 fair valac. This stock and is held as an investment of cash available for operations Required 1. Identify w each investment a through e should be classified as a short-serm or long-term invest- uted ar hent. For oud bc long-term investment, indicate in which of the long stcrm inveimest clssificasos a journal entry dated December 31, 2017, to record the fair value adjustiment of the kng-lerm Check . Carperk had no long-term investments prioe to year 2017. $108 ivestments in available-for-sale securities
