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Posted on Sep 08, 2024

Teal Company has a stock portfolio valued at $ 3 , 9 0 0 . Its cost was $ 3 , 1 0 0 .

Teal Company has a stock portfolio valued at $

3, 900 .

Its cost was $

3, 100 .

If the Fair Value Adjustment account has a debit balance of $

220,

prepare the journal entry at year

-

end.

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