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Business, 07.03.2020 02:24 charles8527

On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December 31, the cost of the trading securities portfolio is $80,000. The fair value is $100,000. Which of the following would Bargain Company report?1. Unrealized Loss on Trading Investments of $1,500.2. Unrealized Gain on Trading Investments of $20,000.3. Unrealized Gain on Trading Investments of $1,500.4. Unrealized Loss on Trading Investments of $20,000.

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On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit bala...
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