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At December 31, 2021, Wildhorse Company has an equity portfolio valued at $187000. Its cost was $150000. If the Securities Fair Value Adjustment has a
At December 31, 2021, Wildhorse Company has an equity portfolio valued at $187000. Its cost was $150000. If the Securities Fair Value Adjustment has a debit balance of $8900, which of the following journal entries is required at December 31, 2021? 37000 Unrealized Holding Gain or Loss-Income Fair Value Adjustment 37000 28100 Unrealized Holding Gain or Loss-Income Fair Value Adjustment 28100 Fair Value Adjustment 37000 Unrealized Holding Gain or Loss-Income 37000 Fair Value Adjustment 28100 Unrealized Holding Gain or Loss-Income 28100
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