Year-End Adjustments for Temporary Investments
Mercury Corp Instructions
Provide the Entry to Record the Year-End Adjustment for Portfolio

Year-end adjustments for temporary investments
Mercury Corp. has the following portfolio of common shares (without significant influence) at December 31, 2020:
$\begin{array}{lll}\text { Investment } &\text { Cost }&\text { Fair value } \\\text { Albania Inc. } & \$ 480,000 & \$ 570,000 \\\text { Bulgaria Ltd. } & 90,000 & 620,000 \\\text { Czech Corp. } & 120,000 & 220,000\\\text { Total }&\$ 690,000&\$ 1,410,000\end{array}$
Instructions
Provide the entry to record the year-end adjustment for these investments, assuming Mercury uses one control account and has adopted the FV-NI model.

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