The cost and fair value of the trading securities held by Lindy Company as of December 31 are as follows: 
a) Complete the table above to find the total cost and fair value for the company's trading securities portfolio.
b) Calculate and record the required December 31 adjustment.
c) Explain how the adjustment from step b) is reported on Lindy's financial statements.
Definitions:
Q18: The cost of wages paid to employees
Q74: The liability for a dividend is recorded
Q87: Factory overhead cost is sometimes referred to
Q97: A building with a cost of $153,000
Q128: An acceleration in the collection of receivables
Q134: On the statement of cash flows, the
Q140: On January 1, Year 1, Kennard Co.
Q168: Under the corporate form of business organization,<br>A)
Q180: The Dickinson Company reported net income of
Q193: Compute conversion costs given the following data: