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Question 32 2.5 pts Chapin Company purchased equity investments in 2017 at a cost of $200,000 and recorded them as equity securities (considered a minority
Question 32 2.5 pts Chapin Company purchased equity investments in 2017 at a cost of $200,000 and recorded them as equity securities (considered a minority passive investment). Their market values totaled $250,000 and $230,000 on December 31, 2017, and December 31, 2018, respectively. The entry required on December 31, 2018, would include a h debit to Unrealized Holding Gain/Loss of $20.000 credit to Unrealized Holding Gain/Loss of $20,000 debit to Unrealized Holding Gain/Loss of $30,000 credit to Unrealized Holding Gain/Loss of $30,000
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