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Provide the entry to record the year-end adjustment

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Question - SnowCap Corp. has the following portfolio of common shares (without significant influence) at December 31, 2020:

Investment

Fair Value

Cost

Skiis R Us.

$360,000

$431,250

Outdoor Ltd.

67,500

465,000

Carlton Corp.

90,000

165,000

Total

$517,500

$1,061,250

Instructions - Provide the entry to record the year-end adjustment for these investments, assuming SnowCap uses one control account and has adopted the FV-NI model.

Reference no: EM132752415

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