Chat with us, powered by LiveChat Coach Company has a stock portfolio valued at $3,500. I - STUDENT SOLUTION USA

Coach Company has a stock portfolio valued at $3,500. Its cost was $2,700. If the Fair Value Adjustment account has a credit balance of $140, prepare the journal entry at year-end.

A. Debit fair value adjustment for $940

B. Debit fair value adjustment for $660

C. Credit fair value adjustment for $940

D. Credit fair value adjustment for $660

error: Content is protected !!