the investments of charger inc. include a single investment: 14,500 shares of raiders inc. common stock purchased on february 24, year 1, for $38 per share including brokerage commission. these shares were classified as trading securities. as of the december 31, year 1, balance sheet date, the share price had increased to $42 per share. question content area a. journalize the entries to acquire the investment on february 24, and record the adjustment to fair value on december 31, year 1.
