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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 YearEnd.
An investor purchased shares of Mallard common stock at $ per share on March On December the stock was quoted at $ per share and Mallard declared and paid a dividend of $ per share. On June of
the following year, the investor sold all shares for $ per share. On December of each year, the Fair Value Adjustment account is adjusted. Assuming the investment is measured at FVNI provide the journal entries to
be made at each of the following dates.
a March Year
b December Year
c June Year
d December Year
Note: If a journal entry isn't required for the transaction, select NADebit" and NACredit" as the account names and leave the Dr and Cr answers blank zero
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