In the Current Year,Logic Co

question 196

Essay

In the current year,Logic Co.purchased stock of Waterford Co.with a cost of $125,000 and a year-end fair value of $123,700.Logic also purchased 1,500 shares of Jasper Co.common stock with a cost of $25,000 and a year-end fair value of $26,100.These investments are considered stock investments with insignificant influence.Prepare the journal entry to record any necessary fair value adjustment to the stock investments as of its December 31 year-end.

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Definitions:

Developmental Delays

Occur when a child does not reach their developmental milestones at the expected times, potentially affecting physical, social, intellectual, or emotional growth.

Rumination

The process of continuously thinking about the same thoughts or problems, which is often negative and distressing.

Coping Strategies

Techniques or methods individuals use to handle stress, deal with difficult situations, or manage their emotional response to challenges.

Kindling Experience

An experience or series of exposures that sensitize an individual, leading to an exaggerated response to stimuli.