Business, 11.12.2019 22:31 trellizzz

For several years fister links products has held microsoft bonds, considered by the company to be securities available-for-sale. the bonds were acquired at a cost of $500,000. at the end of 2018, their fair value was $610,000 and their amortized cost was $510,000. at the end of 2019, their fair value was $600,000 and their amortized cost was $520,000.

at what amount will the investment be reported in the december 31, 2019, balance sheet? what adjusting entry is required to accomplish this objective (ignore interest)?

( explain how did you get the adjusting entry/ steps)

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