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BE13-4 The cost of the trading securities of Cepeda Company at December 31, 2008, is

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BE13-4 The cost of the trading securities of Cepeda Company at December 31, 2008, is
$62,000. At December 31, 2008, the fair value of the securities is $59,000. Prepare the adjusting
entry to record the securities at fair value.

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