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Stellar Company has the following lestments as of December 31, 2020 Investments in common stock of Laser Company $1.410,000 Investment in debt securities of Foursquare

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Stellar Company has the following lestments as of December 31, 2020 Investments in common stock of Laser Company $1.410,000 Investment in debt securities of Foursquare Company $3,270,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Stellar's stock investments does not result in significant influence on the operations of Laser Company Stellar's debt investment is considered hels-to-maturity At December 31, 2021, the shares in Laser Company are valued at $970,000, the debt investment securities of Four Square are valued at $2.500,000 and are considered impaired. Your answer is partially correct Prepare the journal entry to record the impairment of the debt securities at December 31, 2021. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Credit Debit Dec. 31. 2021 Dettvestments e Textbook and Media List of Accounts Your answer is partially correct. Assuming the fair value of the Laser shares is $1,260,000 and the value of its debt investment is $2.920,000, what entries, any should be recorded in 2022 (Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Doc 31 2022 Denement

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