Uttinger Company has the following data at December 31, 2014. The available-for-sale securities are held as a

Question:

Uttinger Company has the following data at December 31, 2014.

The available-for-sale securities are held as a long-term investment.

Instructions
(a) Prepare the adjusting entries to report each class of securities at fair value.
(b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss)accounts.