[The following information applies to the questions displayed below.]

Stoll Co.s long-term available-for-sale portfolio at December 31, 2014, consists of the following.

Available-for-Sale Securities	Cost			Fair Value
80,000 shares of Company A common stock	$	1,038,600		$	910,000
26,000 shares of Company B common stock		336,750			326,000
33,000 shares of Company C common stock		1,357,000			1,308,875

Stoll enters into the following long-term investment transactions during year 2015.

Jan.	29		Sold 13,000 shares of Company B common stock for $167,375 less a brokerage fee of $3,300.
Apr.	17		Purchased 21,000 shares of Company W common stock for $440,000 plus a brokerage fee of $3,000. The shares represent a 30% ownership in Company W.
July	6		Purchased 9,000 shares of Company X common stock for $257,625 plus a brokerage fee of $3,000. The shares represent a 10% ownership in Company X.
Aug.	22		Purchased 100,000 shares of Company Y common stock for $580,000 plus a brokerage fee of $7,800. The shares represent a 51% ownership in Company Y.
Nov.	13		Purchased 20,000 shares of Company Z common stock for $529,300 plus a brokerage fee of $5,800. The shares represent a 5% ownership in Company Z.
Dec.	9		Sold 80,000 shares of Company A common stock for $1,027,000 less a brokerage fee of $4,100.

The fair values of its investments at December 31, 2015, are:

	Fair Value
B	$	167,250
C	$	1,225,125
W	$	387,000
X	$	240,750
Y	$	1,067,000
Z	$	562,100

6. a-

b- Journal Entry Woorksheet Record the year-end adjusting entry for the securities portfolio as of December 31, 2015.

7.

What amount of gains or losses on transactions relating to long-term investments in available-for-sale securities should Stoll report on its December 31, 2015, income statement?

1 &2.Determine the amount Stoll should report on its December 31, 2015, balance sheet for its long-term investments in available-for-sale securities. and Prepare any necessary December 31, 2015, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities Fair Value Adjustment Computation Available-for-Sale Securities Unrealized of shares Gain or Loss? December 31, 2015 AFS Securities Cost Fair Value Amount Company B common stock 13,000 168,375 167,250 Company C common stock 33,000 1,357,000 1,225,125 Company X common stock 260,625 9,000 240,750 Company Zcommon stock 20,000 535.100 562,100 2,321,100 2,195,225 125,875 Total Loss Required December 31, 2015 Balance in the Fair Value Adjustment account Credit December 31, 2014 Balance in the Fair Value Adjustment account Credit December 31, 2015 required adjustment to the Fair Value Adjustment account Debit