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a. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31 , Year 1 .

a. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31 , Year 1 . Year 1 Feb. 24 Year 1 Dec. 31 b. How is the unrealized gain or loss for trading investments reported on the financial statements? The unrealized gain or unrealized loss for trading investments is disclosed in the as

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