Mackinac purchased 10% of ABC stock for $100,000 on 1/1/17. For the Year Ended Market Value December 31, 2017 $109,000 December 31, 2018 89,000 December 31, 2019 106,000 The 12/31/19 balance of the Securities Fair Value Adjustment account is:

$17,000 debit balance

Explanation:

Purchase price 1/1/17 $100,000

market price 12/31/17 $109,000

market price 12/31/18 $89,000

market price 12/31/19 $106,000

12/31/17

Dr Securities fair value adjustment (ABC stock) 9,000

    Cr Unrealized gain/loss on ABC stock 9,000

12/31/18

Dr Unrealized gain/loss on ABC stock 20,000

    Cr Securities fair value adjustment (ABC stock) 20,000

12/31/19

Dr Securities fair value adjustment (ABC stock) 17,000

    Cr Unrealized gain/loss on ABC stock 17,000

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answer; break-even analysis;