(Solution) - On December 31 2011 Rollo Company held the following short ter -(2025 Original AI-Free Solution)

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On December 31, 2011, Rollo Company held the following short-term investments in its portfolio of available-for-sale securities. Rollo had no short-term investments in its prior accounting periods. Prepare the December 31, 2011, adjusting entry to report these investments at fairvalue.