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Question: brief exercise 178 ayayai company has a stock portfolio valued...

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Brief Exercise 17-8 Ayayai Company has a stock portfolio valued at $4,800. Its cost was $4,190. If the Fair Value Adjustment account has a debit balance of $110, prepare the journal entry at year-end. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

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