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Player Corporation makes an equity investment costing $73,000 and classifies it as non-trading. At December 31, the fair value of the investment is $67,000. Instructions

Player Corporation makes an equity investment costing $73,000 and classifies it as non-trading. At December 31, the fair value of the investment is $67,000.

Instructions

Prepare the adjusting entry to report the investment properly. Indicate the statement presentation of the accounts in your entry.

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