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Kitty Company began operations in 2016 and maintains short term investments in trading securities. The year-end cost and fair values for its portfolio of these

Kitty Company began operations in 2016 and maintains short term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Prepare journal entries to record each December 31 year-end fair value adjustment for these securities.
$37 $35
42. 46
60. 69
56. 55

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