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ignore the numbers I put in. They are probably wrong. me question 1 Saved Help Save & Exit s ! Required information (The following information

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me question 1 Saved Help Save & Exit s ! Required information (The following information applies to the questions displayed below.) Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value Company A bonds $532,100 $493,000 Company B notes 159,320 147,000 Company C bonds 662,300 649, 770 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,070. July 6 Purchased bonds of Company x for $126,600. Nov. 13 Purchased notes of Company 2 for $267,900. Dec. 9 Sold all of the bonds of Company A for $519,800. The fair values at December 31 are B, $82,800; C. $608,600; X. $117,000; and Z. $275,000. Required: 2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available- for-sale securities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. Fair Value Adjustment Computation Available for Sale Securities December 31 AFS Securities Cost Fair Value Unrealized Amount Company B notes $ 82,800 Company C bonds 608,600 Company X bonds 117,000 Company 7 notes 275 000 Prev 1 2. of 2 Next > Required information Total 0 $ 1,083,400 Gain Debit Required 2 December 31 Balance in the Fair Value Adjustment account Balance at beginning of year in the Fair Value Adjustment account December 31 required adjustment to the Fair Value Adjustment account Credit $ 1,083,400 Debit 0 Dec 31 year end adjustment 1,083,400 Required 1 Required Prev COD 1 2 of 2 Next >

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