Essay
On January 1, 2012, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $48,700, and the fair value was $39,200. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale investments on December 31, 2012.
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2012
Dec. 31 Unrealized Gain (Loss) on A...View Answer
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Correct Answer:
Verified
Dec. 31 Unrealized Gain (Loss) on A...
View Answer
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