Following is data for the available-for-sale securities held by Lindy Company as of December 31: a) Complete the table above to find the total cost and fair value for the company's availableforsale securities portfolio.
b) Calculate and record the required December 31 adjustment.
c) Explain how the adjustment from step 2) is reported on Lindy's financial statements.

Question

Following is data for the available-for-sale securities held by Lindy Company as of December 31:  a) Complete the table above to find the total cost and fair value for the company's available­for­sale securities portfolio.
b) Calculate and record the required December 31 adjustment.
c) Explain how the adjustment from step 2) is reported on Lindy's financial statements.

Quizplus · Accepted Answer

The Answer of Following is data for the available-for-sale securities held by Lindy Company as of December 31:  a) Complete the table above to find the total cost and fair value for the company's available­for­sale securities portfolio.
b) Calculate and record the required December 31 adjustment.
c) Explain how the adjustment from step 2) is reported on Lindy's financial statements.

Following Is Data for the Available-For-Sale Securities Held by Lindy