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Monty Company has a stock portfolio valued at $2,800. Its cost was $2,100. If the Fair Value Adjustment account has a debit balance of $240,

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Monty Company has a stock portfolio valued at $2,800. Its cost was $2,100. If the Fair Value Adjustment account has a debit balance of $240, prepare the journal entry at year-end. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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