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Pacific Fishing inc's actlvely traded non-strategic investments as of December 31, 2023, are as
follows: Pacific Fishing Inc had no investments prior to 2023. Required: 1. Prepare the fair value
adjustment at December 34, 2023. based on the information provided. Journal entry worksheet
Journal entry worksheet <
2. Illustrate how the investments will be reported on the December 31,2023 , balance sheet.

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  • 1. Pacific Fishing inc's actlvely traded non-strategic investments as of December 31, 2023, are as follows: Pacific Fishing Inc had no investments prior to 2023. Required: 1. Prepare the fair value adjustment at December 34, 2023. based on the information provided. Journal entry worksheet Journal entry worksheet < 2. Illustrate how the investments will be reported on the December 31,2023 , balance sheet.