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Question 32

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Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term:
Use the following information to answer questions Wells Inc.reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term: -The entry, if any is required, to record the value of the investment on December 31 would include a debit to A) Realized Loss for $450. B) Unrealized Loss for $750. C) No entry is required. D) Unrealized Loss of $450.
-The entry, if any is required, to record the value of the investment on December 31 would include a debit to


A) Realized Loss for $450.
B) Unrealized Loss for $750.
C) No entry is required.
D) Unrealized Loss of $450.

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