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cord the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (current asset) represents investments that were
cord the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (current asset) represents investments that were purchased recently. Based upon stock market quotes obtained for December 31, the market value of these investments = $112,000. (It is managements intent to actively manage these shares for profit.)
Current debit Balance for Investments Account is $113,520
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