The following information is available for Bramble Company at December 31, 2025, regarding its investments.
Securities Cost Fair Value 2,500shares of Myers Corporation common stock $43,400 $52,900 800shares of Cole Incorporated preferred stock 22,500 19,600 $65,900 $72,500
Prepare the adjusting entry if any) for 2025, assuming no balance in the Fair Value Adjustment account at January 1, 2025.
Answer
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