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Schoodic Company had the following long-term available-for-sale securities in its portfolio at December 31 for each of the years listed. The year-end cost and fair

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Schoodic Company had the following long-term available-for-sale securities in its portfolio at December 31 for each of the years listed. The year-end cost and fair values for its portfolio follow. Beginning with Year 1, prepare the appropriate journal entry to record each year-end market adjustment for these securities

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