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A Company Acquired Debt Securities at a Cost $10,000 on July 1,2020 at the end of the Fiscal year it had a 11700 Fair Value

A Company Acquired Debt Securities at a Cost $10,000 on July 1,2020 at the end of the Fiscal year it had a 11700 Fair Value adjustment, the company tax rate is 35%. On September 20,2020 the company realize an error made as the Fair value adjustment should be 8500.

Correct the error and show the Tax Effect.

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