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what is the answer ? 5. The cost and fair value of the trading securities held by AdBrand Company as of December 31, 2012 are
what is the answer ? 5. The cost and fair value of the trading securities held by AdBrand Company as of December 31, 2012 are as follows: Fair Value per Share Total Fair Value per Share Total Cost Name Alcom, Inc. Bristen Corp Geston Company Quanter Company Total Required: Number of Cost Shares 1,200 600 900 400 $10.50 9.00 4.10 7.35 S11.05 9.85 4.00 6.82 (1) omplete the table above to find the total cost and fair value for the company's trading securities portfolio (2) Calculate and record the required December 31, 2012 adjustment (3) Explain how the adjustment from step (2) is reported on AdBrand's 2012 financial statements
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