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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Ticker Services began operations in 2009 and maintains long-term investments in available- for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Prepare journal entries to record each year-end fair value adjustment for these securities.
|
 |
Cost |
Fair Value |
|
December 31, 2009 |
$374,000 |
$362,560 |
|
December 31, 2010 |
426,900 |
453,200 |
|
December 31, 2011 |
580,700 |
686,450 |
|
December 31, 2012 |
875,500 |
778,800 |
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