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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Kitty Company began operations in the

image text in transcribed Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in tr year-end cost and fair values for its portfolio of these debt investments follow. 15-4 (Algo) Fair value adjustment to a portfolio of trading securities LO P1 are the journal entry to record the December 31 year-end fair value adjustment for these debt securi Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits

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