Jaleem Corporation buys 1,000 shares of Samuel Ltd.'s common shares as a trading investment. The shares are purchased for $30 a share. At year-end the shares are trading at $32. The adjusting entry at year-end is 
Definitions:
Current Ratio
A liquidity measure that evaluates a company's ability to pay short-term obligations with its current assets.
Book Values
The net value of a company's assets, subtracting the total liabilities from the total assets.
Market Values
The value at which an asset is exchanged in a competitive auction scenario.
Market-To-Book Ratio
A financial ratio comparing a company's market value to its book value, used to assess valuation.
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