Prepare journal entries for the following transactions. Note that each item falls under the at fair value through other comprehensive income classification.
(Yellow-Snow Corporation had no prior investments to the investment in Dog-Dish Corporation)
Definitions:
Statistical Robustness
The ability of a statistical method or model to remain effective under a variety of conditions or assumptions.
Halo Error
A cognitive bias in performance appraisals where one trait of an individual influences the evaluator's view of other traits.
Recency Error
The tendency to evaluate someone's performance based on their most recent behavior rather than on a longer period of observational time.
Leniency Error
A bias in performance evaluations where the reviewer rates an individual more favorably than is warranted by his or her performance.
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