Refer to your answer to SE 1. Assume that on December 31, 20x2, the cost of Cedar
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Refer to your answer to SE 1. Assume that on December 31, 20x2, the cost of Cedar Deck Company's portfolio of long-term available-for-sale securities was $640,000 and that its market value was $600,000. Prepare the entry to record the 20x2 year-end adjustment. LO1
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