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Julia Co. purchased a trading debt security on October 4 of the current year for $50,000. The market value of the stock investment at year-end

Julia Co. purchased a trading debt security on October 4 of the current year for $50,000. The market value of the stock investment at year-end is $47,000. What value will be reported in net income for the adjustment, if any?

		A. 53,000
		B. -0-
		C. 3,000 loss
		D. 3,000 gain
		E. None of the above

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