Question: Saved Help Save & Exit Submi Check my work QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in

operations in 2016 and maintains short-term investments in trading securities. The year-end

cost and fair values for its portfolio of these investments follow. Portfolio

Saved Help Save & Exit Submi Check my work QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Trading Securities Cost Tair Value December 31, 2016 $65 $49 December 31, 2017 56 74 December 31, 2018 74 97 December 31, 2019 84 69 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities. View transaction ist Journal entry worksheet

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