On January 1, 2014, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2014,
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On January 1, 2014, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2014, the cost of the available-for-sale securities was $78,400, and the fair value was $72,600. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 2014.
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2014 Dec 31 Unrealized Gain Loss on AvailableforSale Investments 5800 Valua...View the full answer
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Related Book For 
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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