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Financial Accounting Midterm - Part 3 of 3!
SAMPLE
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7. Receivables and Investments / Trading Securities / Problem 18
Problem 18

On December 31st, XYZ Company's stock had a market value of \$55 per share, up from \$50 per share at the last valuation. XYZ holds 100 shares. What is the journal entry for the unrealized gain?