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Question(s) / Instruction(s):

On December 31, 2009, Tagert Company held the following short-term investments in its portfolio of available-for-sale securities. Tagert had no short-term investments in its prior accounting periods. Prepare the December 31, 2009, adjusting entry to report these investments at market value.

                                                                 Cost                 Market Value

  Verrizano Corporation bonds payable     $62,000               $92,100 

  Porter Corporation notes payable            40,400                  55,300

  Laverne Company common stock           105,300               105,200

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