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Provide solution for both questions 3. At December 31, 2020, Dhofar Co. had the following portfolio securities. Details Cost Fair value Security Y 80,000 80,000

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3. At December 31, 2020, Dhofar Co. had the following portfolio securities. Details Cost Fair value Security Y 80,000 80,000 Security z 95,000 75,000 The balance of fair value adjustment in book of the company on 31.12.2019 was Omr 1850 (credit). Prepare adjusting entry on 31.12.2020. 4. At December 31, 2020, Dhofar Co. had the following portfolio securities. Details Cost Fair value Security Y 70,000 80,000 Security Z 75,000 85,000 The balance of fair value adjustment in book of the company on 31.12.2019 was Omr 1850 (credit). Prepare adjusting entry on 31.12.2020

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