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An investment in ordinary shares acquired during the year at a cost of $20,000 has a year-end market value of $21,250. The year-end adjusting entry

An investment in ordinary shares acquired during the year at a cost of $20,000 has a year-end market value of $21,250. The year-end adjusting entry requires a:

a. debit to Long-Term Investments for $1,250.

b. debit to Allowance to Adjust Investments to Market for $1,250.

c. debit to Unrealized Gain on Investment for $1,250.

d. credit to Allowance to Adjust investment to Market for $1,250.

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