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Complete this question by entering your answers in the tabs below. Adjustment General Journal Calculation Calculation adjustment required to fair value adjustment. Debit Credit 12/31/15
Complete this question by entering your answers in the tabs below. Adjustment General Journal Calculation Calculation adjustment required to fair value adjustment. Debit Credit 12/31/15 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 9,928 12/31/16 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/17 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/18 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment reguired to Fair Value Adjustment-AFS (LT) General Journal> Adjustment Calculation Exercise 15-14 Return on total assets LO A1 The following information is available from the financial statements of Regae Industr 2017 2018 2016 Total assets, December 31 $160,000 $322,000 $532,000 Net income 30,200 31,600 41,496 Required: Compute Regae's return on total assets for 2017 and 2018. Return On Total Assets Choose Numerator: I Choose Denominator:Return On Total Assets Return On Total Assets Net income Average total assets 31,600 / 41,496 2017: 2018: Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year end cost and fair values for its portfolio of these investments follow Portfolio of Available-for-Sale Securities December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 Cost Fair Value $321,012 399,908 606,985 689,542 $330,940 377,272 513,090 774,766 Prepare journal entries to record each year-end fair value adjustment for these securities Complete this question by entering your answers in the tabs below Adjustment Calculation General Journal Calculation adjustment required to fair value adjustment Debit Credit
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