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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 $ 5,700 Fair Value $ 9,300 Chipotle stock Under Armour stock 3,300 12,900 1,600 13,700 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet < 1 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date December 31 General Journal Debit Credit
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