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Question 44 (10 points) Saved Big Money Inc. had a portfolio of trading securities that originally costs $34.900. At the end of the fiscal year,

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Question 44 (10 points) Saved Big Money Inc. had a portfolio of trading securities that originally costs $34.900. At the end of the fiscal year, the portfolio had a fair value of $39,391. The correct journal entry to record change in value would include be a) Credit to Fair Value Adjustment b) Debit to Fair Value Adjustment c) b&d d) a &c e) Credit to Unrealized Gain - Income f) Debit to Unrealized Gain -Income Question 45 (10 points) Given the following data, what is the value of the ending inventory as determined by the FIFO method? Sales Revenue - 600 units at $25 per unit: Purchases - 440 units at $14 per unit and Beginning inventory =320 units at $11 per unit. View hint for Question 45

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