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Question 15.5: Valuing Available-for-Sale Securities at Fair Value On Janua...

Valuing Available-for-Sale Securities at Fair Value

On January 1, 20Y6, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 20Y6, the cost of the available-for-sale securities was $45,700 and the fair value was $50,000.
Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale investments on December 31, 20Y6.

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