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Record the unrealized gain or loss on trading investments

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Reference no: EM132778729

Problem - On January 1, 20Y6, Valuation Allowance for Trading Investments had a zero balance. On December 31, 20Y6, the cost of the trading securities portfolio was $79,200, and the fair value was $76,800. Prepare the December 31, 20Y6, adjusting journal entry to record the unrealized gain or loss on trading investments.

Reference no: EM132778729

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