On December 31, 2011, Loren Co. held the following short-term available-for-sale securities.Loren had no short-term investments prior to the current period. Prepare the December 31, 2011, year-end...

On December 31, 2011, Loren Co. held the following short-term available-for-sale securities. Loren had no short-term investments prior to the current period. Prepare the December 31, 2011, year-end adjusting entry to record the fair value adjustment for these securities. View Solution:

On december 31 2011 loren co held the following shortterm