Homepage - ACCT-1010-100 My Home m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Log In | Brytewave... 021 Elearn Cstate Kurzweil 3000 < Feedback 20Y6 Dec. 31 No Entry Required No Entry Required Feedback CengageNOWv2 | Online te: X Q Search Imported From IE Check My Work 20Y6 Dec. 31 Valuation Allowance for Available-for-Sale Investments Unrealized Gain on Available-for-Sale Investments G b Answered: Fair value adjusti Locator=&inprogress=false Check My Work a. Calculate the difference between cost and fair market value. Unrealized gains increase cost basis. Unrealized losses decrease cost basis. Check My Work b. Consider if there is a difference in the fair market value of the portfolio. Is an adjustment necessary? PRE b. If the fair value of the portfolio of securities were the same on December 31, 20Y6, what would be the journal entry to adjust the portfolio to fair value? If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Re