Valuing Available-for-Sale Securities at Fair Value On January 1, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, the cost of the available-for-sale securities was $207,000, and the fair value was $212,660 Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31. Dec. 31 Valuation Allowance for Available-for-Sale Investments 5,600 | X Unrealized Gain (Loss) on Available-for-Sale Investments 5,600 | X

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.