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please give me a clear answer At December 31,2021 , Blossom Company has an equity portfolio valued at $190000. Its cost was $152000. If the
please give me a clear answer
At December 31,2021 , Blossom Company has an equity portfolio valued at $190000. Its cost was $152000. If the Securities Fair Value Adjustment has a debit balance of $9000, which of the following journal entries is required at December 31,2021 ? Unrealized Holding Gain or Loss-Income Fair Value Adjustment Fair Value Adjustment Unrealized Holding Gain or Loss-Income Unrealized Holding Gain or Loss-Income Fair Value Adjustment Fair Value Adjustment Unrealized Holding Gain or Loss-Income 29000 29000 38000 38000 38000 29000 29000Step by Step Solution
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Aat Management Accounting Budgeting
Authors: BPP Learning Media
1st Edition
1509718400, 978-1509718405
