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A debt investement classified as trading securities is purchased for $73,500. At year end when the fair value of the debt is $65000 the adjusting

A debt investement classified as trading securities is purchased for $73,500. At year end when the fair value of the debt is $65000 the adjusting entry includes a

Credit to fair value adjustment trading

Debit to lOSS on sale of debt investment

Credit to unrealized lOSS income

Credit to debt investments

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