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Give the entries to record the year-end adjustments

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Reference no: EM132964251

Dolphins Corp. has the following portfolio of common shares without significant influence at December 31, 2020:

                     Investment Cost                 Fair value

Albania Inc.     $ 480,000                       $ 540,000

Bulgaria Ltd.         90,000                       175,000

Slovakia Ltd.          75,000                    75,000

Czech Corp.           220,000                  200,000

Total                      $ 865,000            $ 990,000

Instructions

Problem 1: Provide the entries to record the year-end adjustments for these FV-NI investments, assuming Dolphins uses separate accounts for each investment holding.

Reference no: EM132964251

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