On January 1, 2010, Valuation Allowance for Available-for-Sale Securities has a credit balance of $3,400. On December

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On January 1, 2010, Valuation Allowance for Available-for-Sale Securities has a credit balance of $3,400. On December 31, 2010, the cost of the available-for-sale securities was $35,700, and the fair value was $30,100. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale securities on December 31, 2010.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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