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Prepare the necessary entry that the moon has to record

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Reference no: EM132892377

Problem 1: Assume that Moon already has an old portfolio of other debt investments all acquired for trading purposes. these investments show an unrealized holding loss of $4225 on December 31, 2019. After adding the new debt investment to its portfolio there is an overall unrealized holding loss of $6789. prepare the necessary entry that the moon has to record on December 31, 2019, to reflect the above.

Reference no: EM132892377

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