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The following information is available for Barkley Company at December 31. 2017, regarding its investments. Instructions (a) Prepare the adjusting entry (if any) for 2017,

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The following information is available for Barkley Company at December 31. 2017, regarding its investments. Instructions (a) Prepare the adjusting entry (if any) for 2017, assuming no balance in the Fair Value Adjustment account at January 1. 2017. Neither of Barkley's investments result in significant influence. Discuss how the amounts reported in the financial statements are affected by the entries in (a)

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