On january 1 2015 valuation allowance for trading, Ask an Expert

Finance

On January 1, 2015, Valuation Allowance for Trading Investment has a zero balance. On December 31, 2015, the cost of trading securities portfolio was $64,200, and the fair value was $67,000.

Prepare the December 31, 2015, adjusting journal entry to record the unrealized gain or loss on trading investments.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91383488

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