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Need help please Global Commerce Corporation purchased trading debt investments for $49,000 on December 31, 2018. There is a decrease of $3800 in the fair
Need help please
Global Commerce Corporation purchased trading debt investments for $49,000 on December 31, 2018. There is a decrease of $3800 in the fair value of the trading debt investments by the end of the year 2019. Which of the following is the correct journal entry? 3800 Unrealized Holding Loss-Trading Fair Value Adjustment Trading 3800 3800 O Fair Value Adjustment--Trading Unrealized Holding Loss-Trading 3800 3800 O Trading Debt Investments Unrealized Holding Loss-Trading 3800 3800 O Unrealized Holding Loss-Trading Retained Earnings 3800 Step by Step Solution
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