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On January 1, the Valuation Allowance for Trading Investments account has a zero balance. On December 31, the cost of trading securities portfolio was $64,200, and the fair value was $67,000.
Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments.
Sympathetic Nervous System
Part of the autonomic nervous system that controls the body's responses to perceived threats, activating the fight or flight response.
Limbic System
The limbic system is a complex set of structures in the brain involved in emotion, behavior, motivation, long-term memory, and olfaction, playing a significant role in emotional life and the formation of memories.
Sedentary Lifestyle
A type of lifestyle with little or no physical activity, often associated with sitting for prolonged periods during leisure time and work, which can lead to health issues.
Obesity
A medical condition characterized by excessive body fat that presents health risks.
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