Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

تمرين 11

Fair value option for influential investment. Assume the same information as for Problem SA-1. Instead of using the equity method, Schinzer uses the fair value option to record the investment in Fowler. The fair value of the investment in Fowler is as follows:
Prepare all entries required by Schinzer's investment in Fowler Company for 2016 through 2018 using the fair value option.