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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
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 Cost Fair Value: Apple stock $ 6,600 $ 9,100 Under Armour stock 4,400 12,400 1,500 14,700 Chipotle stock Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet < Record the year-end adjustment to fair value, if any. Note: Enter debits before credits.
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