On December 31, 20x1, the market value of Cedar Deck Company's portfolio of long- term available-for-sale securities
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On December 31, 20x1, the market value of Cedar Deck Company's portfolio of long- term available-for-sale securities was $320,000. The cost of these securities was $285,000. Prepare the entry to adjust the portfolio to market at year end, assuming that the company did not have any long-term investments prior to 20x1. LO1
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