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The following information pertains to a portfolio of a company on 12/31/21:             Security                Cost at 12/31/21                    Fair value at 12/31/21                         X                   $220,000                                $159,000                         Y                     246,000                                 190,000                         Total: (figure out the total on your own) What is the balance of the Fair Value Adjustment account for these securities at December 31, 2021?  (Very Important: just enter the amount. DO NOT put a plus or minus sign in front of the amount.)

The following information pertains to a portfolio of a company on 12/31/21:             Security                Cost at 12/31/21                    Fair value at 12/31/21                         X                   $220,000                                $159,000                         Y                     246,000                                 190,000                         Total: (figure out the total on your own) What is the balance of the Fair Value Adjustment account for these securities at December 31, 2021?  (Very Important: just enter the amount. DO NOT put a plus or minus sign in front of the amount.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertains to a portfolio of a company on 12/31/21:

            Security                Cost at 12/31/21                    Fair value at 12/31/21

                        X                   $220,000                                $159,000

                        Y                     246,000                                 190,000

                        Total: (figure out the total on your own)

What is the balance of the Fair Value Adjustment account for these securities at December 31, 2021?  (Very Important: just enter the amount. DO NOT put a plus or minus sign in front of the amount.)

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