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3. At December 31, 2020, Dhofar Co. had the following portfolio securities. Details Cost Fair value Security y 80,000 80,000 Security 295,000 75.000 The balance

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3. At December 31, 2020, Dhofar Co. had the following portfolio securities. Details Cost Fair value Security y 80,000 80,000 Security 295,000 75.000 The balance of fair value adjustment in book of the company on 31.12.2019 was Omr 1850 (credit). Prepare adjusting entry on 31.12.2020

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