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Required information [The following information applies to the questions displayed below] On December 31, Mars Company had the following portfolio of stock investments with insignificant
Required information [The following information applies to the questions displayed below] On December 31, Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Cost $ 6,200 Fair Value $8,500 Chipotle stock Under Armour stock 3,400 10,800 1,200 12,200 Prepare the December 31 adjusting entry to report these investments at fair value
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