At January 1 2017 Grand Corporation held one available-for-sale security: 1500 shares of Nettle common stock purchased for $40 per share. At December 31 2017 the fair value per share for Nettle was $42. Prepare the adjusting entry to report the portfolio at fair value at December 31 2017.

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The Answer of At January 1 2017 Grand Corporation held one available-for-sale security: 1500 shares of Nettle common stock purchased for $40 per share. At December 31 2017 the fair value per share for Nettle was $42. Prepare the adjusting entry to report the portfolio at fair value at December 31 2017.

At January 1 2017 Grand Corporation Held One Available-For-Sale Security