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Exercise 15-9 Reporting stock investments on financial statements LO P4 On December 31, Mars Co had the following portfolio of stock investments with insignificant influence.

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Exercise 15-9 Reporting stock investments on financial statements LO P4 On December 31, Mars Co had the following portfolio of stock investments with insignificant influence. Mars had no stock Investments in prior periods Roletta Chipotle sted der en stor $7.500 6.000 12.500 Yair Velo 110.000 3.500 14.600 1. After the fair value adjustment is made prepare the assets section of Mars Co's December 31 Classified balance sheet. Assume Mars 2. in which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 after the fair value adjustment is made, prepare the sets section of Mars Co.'s December 31 classified balance sheet. Assume Mars plans to sell its trading securities within the next six months. MARLS CO Assets Section of balance Sheet Assets Required 2 >

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