Co. acquired equity securities on May 25, 2020. The acquisition did not result nificant influence over the investee company. The fair value of the investment December 31, 2020 was $76,000 and $108,000 at December 31, 2021.The stment to the Fair Value Adjustment account at December 31, 2021 would be? 8,000 debit. -32,000 debit. 532,000 credit. 58,000 credit.
Co. acquired equity securities on May 25, 2020. The acquisition did not result nificant influence over the investee company. The fair value of the investment December 31, 2020 was $76,000 and $108,000 at December 31, 2021.The stment to the Fair Value Adjustment account at December 31, 2021 would be? 8,000 debit. -32,000 debit. 532,000 credit. 58,000 credit.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 1MC
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