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Prepare the journal entry at year-end

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Question - Crane has a stock portfolio valued at $7,300. Its cost was $5,200. If the Fair Value Adjustment account has a debit balance of $420, prepare the journal entry at year-end.

Reference no: EM132747359

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Prepare the journal entry at year-end : Crane has a stock portfolio valued at $7,300. Its cost was $5,200. If the Fair Value Adjustment account has a debit balance of $420, prepare the journal entry
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