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Prepare journal entries to record each year-end fair value

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Question: 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

Reference no: EM131534928

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