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What are the general journal entries affected?
Investments are in listed companies and are sated at market valuation at each balance date of 31/01. The increases in fair value are held in Reained earnings.
trial balance accounts are: Investments long term=2010 23100 2009= 20300 Fair value gain on long term investment $2800 in 2010 and 0 in 2009 retained earnings is $82550 in 2010 and 82209 in 2009 |
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