Business, 25.02.2020 00:55 Maddifalls908

In its first year of operations, Cullumber Corporation purchased, as a long-term investment, available-for-sale debt securities costing $61,000. At December 31, 2020, the fair value of the securities is $56,900.
Prepare the adjusting entry to record the securities at fair value

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In its first year of operations, Cullumber Corporation purchased, as a long-term investment, availab...