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Cost and Fair Value Data for the Trading Debt Securities

Question 113

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Cost and fair value data for the trading debt securities of Beltway Company at December 31, 2017, are $100,000 and $88,000, respectively. Which of the following correctly presents the adjusting journal entry to record the securities at fair value? Cost and fair value data for the trading debt securities of Beltway Company at December 31, 2017, are $100,000 and $88,000, respectively. Which of the following correctly presents the adjusting journal entry to record the securities at fair value?

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