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b) Prepare the adjusting entry at December 31, 2022, to show the securities at fair value. Pharoah has less than a 20% ownership interest
b) Prepare the adjusting entry at December 31, 2022, to show the securities at fair value. Pharoah has less than a 20% ownership interest in all these common stocks (C Co., D Co., and E Co.). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit
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