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Mercury Corp. has the following portfolio of common shares (without significant influence) at December 31, 2016: Investment Cost Fair value Albania Inc. $480,000 $575,000 Bulgaria

Mercury Corp. has the following portfolio of common shares (without significant influence) at December 31, 2016:

Investment Cost Fair value

Albania Inc. $480,000 $575,000

Bulgaria Ltd. 90,000 620,000

Czech Corp. 120,000 220,000

Total $690,000 $1,410,000

Instructions

Provide the entry to record the year-end adjustment for these investments, assuming Mercury uses one control account and has adopted the FV–NI model.

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