On December 29, 2021, Adams Apples purchased 1,000 shares of General Electric common stock for $29 per share. On December 31, the market value of the stock increased to $30 per share. On January 24, 2022, all of the shares are sold for $32 per share. Required:
Record the initial investment, any fair value adjustment at the end of 2021, and the sale in 2022.

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.