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Total Fair Value Adjustment No. of Shares Fair Value 11 Year 1 Cost HFX Corporation 12 7,200 (900) 900 8,100 FDY Ltd 120 13 2400 16,320 16,440 CTN Corporation 20,740 2,380 14 3400 23,120 Total 1,600.00 15 45,160 46,760 Previous fair value adjustment balance Fair value adjustment-Cr 0 16 1,600 17 18 Account Titles and Explanation Debit Credit 19 Date 20 Jan. 15, 2021 Fair Value Adjustment 1,600 Unrealized Gain Comprehensive Income 21 1,600 (To adjust to current fair value) 22 23 Cash 24 24650 25 Long Term Investment 20740 Gain on Sale of Investment 3910 26 |(To record the sale of shares) 27 28 Unrealized Loss - Comprehensive Income 29 780 Fair Value Adjustment (Reclassification unrealized gain) 30 780 31 32
Total Fair Value Adjustment Fair Value Year 1 No, of Shares 33 Cost HFX Corporation FDY Ltd.
.
(900) 34 900 8,100 7,200 35 2400 16,320 16,440 120 Total (780.00) 36 24,420 23,640 Previous fair value adjustment balance Fair value adjustment-Cr 1,600 37 780 38 39 40
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