Kristopher Company began operations in At Kristopher had a debit balance of $ in its Allowance for Adjustment to Market.
At January Kristopher owned the following securities accounted for using the fair value method.
Cost
MJO Common shares $
JKH Preferred shares
EKH Common shares
During the following events occurred:
Sold shares of MJO for $
Acquired shares of WVO Common for $ per share.
At the fair values for Kristophers securities were:
MJO Common, $ per share
JKH Preferred, $ per share
EKH Common, $ per share
WVO Common, $ per share
Required:
a Prepare any journal entries required in to record the securities activity, including any required adjusting entries at Show any calculations.
b Show the financial statement presentation for all securities activity during
