At December 31,Blistex Held Chapped Lips Corp Bonds with a Cost

question 87

Essay

At December 31,Blistex held Chapped Lips Corp bonds with a cost of $150,000 and a fair value of $150,000.As well,they held 1,500 Dry Co.common shares with a cost of $150,000 and a fair value of $142,955.Both of these investments were classified as short-term investments.Prepare the journal entry to record the adjustment required to reflect the fair value of the investments as of December 31.

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Definitions:

Medical Care

The diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans, provided by health professionals.

Pollution

The presence or introduction into the environment of substances or things that have harmful or poisonous effects.

Nutrition

The intake of food and how those dietary choices impact one's health and bodily functions.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.