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 $590,000. at the end of 2021, their fair value was $718,000 and their amortized cost was $600,000. at the end of 2022, their fair value was $712,500 and their amortized cost was $610,000. at what amount will the investment be reported in the december 31, 2022, balance sheet? what adjusting entry is required to accomplish this objective (ignore interest)?

In monetary accounting, a balance sheet (additionally called statement of economic function or announcement of economic condition) is a summary of the monetary balances of a man or woman, or employer, whether it's a sole proprietorship, an enterprise partnership, an organization, private restrained business enterprise or different company along with authorities or no longer-for-income entity.

A popular organization stability sheet has two aspects: property on the left, and financing at the proper–which itself has two components; liabilities and ownership fairness. the main classes of belongings are normally indexed first, and commonly so as of liquidity. belongings are followed by liabilities. The distinction between the property and the liabilities is called equity or the internet belongings or the net really worth or capital of the employer and in keeping with the accounting equation, internet well worth needs identical assets minus liabilities.

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