Pacific Fishing Inc.s actively traded non-strategic investments as of December 31,2023, are as follows: ...
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Pacific Fishing Inc.s actively traded nonstrategic investments as of December are as follows: Cost Fair Value Enviroclean common shares $ $ Northern Utilities common shares Imperial Oil common shares Farmer Solar Limited common shares Pacific Fishing Inc. had no investments prior to Required: Prepare the fair value adjustment at December based on the information provided. Illustrate how the investments will be reported on the December balance sheet.
Pacific Fishing Inc.s actively traded nonstrategic investments as of December are as follows:
Cost Fair Value
Enviroclean common shares $ $
Northern Utilities common shares
Imperial Oil common shares
Farmer Solar Limited common shares
Pacific Fishing Inc. had no investments prior to
Required:
Prepare the fair value adjustment at December based on the information provided.
Illustrate how the investments will be reported on the December balance sheet.
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