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Adjust FVA at Year - End. An investor purchased 5 0 shares of Mallard common stock at $ 2 0 per share on March 1

Adjust FVA at Year-End.
An investor purchased 50 shares of Mallard common stock at $20 per share on March 15. On December 31, the stock was quoted at $19 per share and Mallard declared and paid a dividend of $1.50 per share. On June 5 of
the following year, the investor sold all 50 shares for $22 per share. On December 31 of each year, the Fair Value Adjustment account is adjusted. Assuming the investment is measured at FV-NI, provide the journal entries to
be made at each of the following dates.
a. March 15, Year 1.
b. December 31, Year 1.
c. June 5, Year 2.
d. December 31, Year 2.
Note: If a journal entry isn't required for the transaction, select "N/A-Debit" and "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero).
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