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Jack Co. purchased 5 % of Vess Corp. stock as an investment for $71,000. The fair value of the investment at the end of the

Jack Co. purchased 5 % of Vess Corp. stock as an investment for $71,000. The fair value of the investment at the end of the year is $69,000. Jack only adjusts to fair value when it is required. How much does Jack record in the credit to the Fair Value Adjustment account? Enter 0 if the investor does not record this transaction.

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