Exercise 15-6 Multiyear fair value adjustments to available-for-sale debt securities LO P3 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $11,300 17,100 19,400 14,500 Fair Value $17,000 27,100 31,600 21,300 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 1. Note: Enter debits before credits. Glacial Co. has the following equity investments. MIKerrok Stock-Owns 95% of the voting common stock and has controlling influence. Foxlokk Stock-Owns 6% of the voting common stock and has insignificant influence. koyoku Stock-Owns 41% of the voting common stock and has significant influence. (a) Which of the following companies would be considered a subsidiary of Glacial? O MIKerrok O Foxlokk O koyoku (b) How are individual assets and liabilities of the parent and its subsidiary(ies) reported? O Combined on one consolidated balance sheet. O At Fair Value on separate balance sheets. O At Cost on separate balance sheets. O Combined on one consolidated income statement