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Exercise C-8 Fair value adjustment to stock investments with insignificant influence LO P4 On December 31, Mars Co. had the following portfolio of stock investments

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Exercise C-8 Fair value adjustment to stock investments with insignificant influence 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. Stock Investments Apple stock Chipotle stock Under Armour stock Cont $ 5,700 1,300 12,900 Yair Value $ 9,300 1,600 13,700 Prepare the December 31 adjusting entry to report these investments at fair value View transaction list Journal entry worksheet

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