Carpark Services began operations in 20xt and maintains investments in available for sale debt…
Carpark Services began operations in 20xt and maintains investments in available for sale debt securities The year-end cost and fair values for its portfolio of debt securities follows Avai table-for-Sale Securities Cost Fair Value December 31, 20×1 $ 265,000 $ 266,600 December 31, 20×2 $ 352,000 $ 363,200 The year-end adjusting entry to record the unrealized goin/loss at December 31, 20X2 is Multiple Choice Debit Fair Value Adjustment – Available for Sale $11.200: Credit Unrealized Loss – Equity $11,200. Debit Fair Value Adjustment – Available for Sale $9,600: Credit Unrealized Gain – Equity $9,600 – Debit Unrealized Gain – Equity $11,200: Credit Fair Value Adjustment – Available for Sale $11.200, Debit Fair Value Adjustment – Available for Sale $11,200 Credit Unrealized Gain – Equity, $11,200. Debit Fair Value Adjustment – Available-for-Sale $9,500: Credit Unrealized Loss – Equity $1,600; Credit Unrealized Gain – Equity, $8,000 – May 16 2022 03:11 PM
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