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Find balance of the Securities Fair Value Adjustment account

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Reference no: EM132598138

Question - Mackinac purchased 10% of ABC stock for $100,000 on 1/1/17.

For the Year Ended Market Value

December 31, 2017 $109,000

December 31, 201889,000

December 31, 2019105,000

Find the balance of the Securities Fair Value Adjustment account on the 12/31/19 balance sheet?

a. $6,000 debit

b. $6,000 credit

c. $5,000 credit

d. $5,000 debit

Reference no: EM132598138

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