The following information is about Bob Company's available-for-sale securities Cost and face amount of the investment 113,000
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The following information is about Bob Company's available-for-sale securities Cost and face amount of the investment 113,000 Fair value on Dec. 31, 2020 111,900 Fair value on Dec. 31, 2021. 117,400 Journalize the entry to record the adjustment to fair value on Dec. 31, 2021. Be sure to specify realized vs. unrealized NI vs.
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Answer Date Account Debit Credit Dec 31 2021 Fair value adjustment 550... View the full answer
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