On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its

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On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its held-for-trading investments:

Journalize the adjusting entry required on December 31, 2015, to recognize these invest- ments at fair value.

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On December 31, 2015, Cosmetics for Animals Ltd. had the following costs and fair values for its

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Accounting Volume 2

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