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Sagot :
Assets Investment in IBM common shares $ 1,395,000 Less unforeseen loss 58,000 in IBM debit investments to reCord a investment on unrealized IBM loss to record for b— investment on unrealized IBM loss Unrealized gain should be recorded for a credit of 58,000 dollars.
42,000 credit minus 42,000 debit
50,000 credit, 150,000 debit, and 200,000 credit
a) 1,187,000 -1,245,000 = -58,000
A) 1,287,000 - 1,245,000 = 42,000 as there is an unrealized loss yet to be realised so we will reduce it. B) As the investment declined once more, we posted an unrealized loss to OCl as by 58,000. This loss will be written off if the stock investment increases in value by c) 1,425,000 – 1,245,000 = 200,000.Given the fair value of the IBM common shares as of December 31, 2021, the appropriate adjustment entry(s) are shown below Unrealized holding gain or loss of $25,000 or less as of December 31, 2021 Dr To $25,000 in fair value adjustment (To record adjustment to fair value)Fair value adjustment $75,000 as of December 2, 2021 Dr. NI $75,000 to Unrealized holding gain or loss (To record adjustment to fair value).3.31 Dr. Fair value adjustment $175,000 Dr. December 2021 NI $175,000 to Unrealized holding gain or loss.
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