Prepare the adjusting entry to record the unrealized gain, Ask an Expert

Accounting

On January 1, 2012, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $48,700, and the fair value was $39,200.

Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale investments on December 31, 2012.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945993

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