What would be the journal entry to adjust the shares of duke, Financial Accounting

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What would be the journal entry to adjust the shares of duke

Problem

Bell Company owns 25% of Duke Corporation and accounts for the investment using the equity method. At the beginning of the year, the balance in the investment account was $60,000. At the end of the year, the stock was worth $65,000. What would be the journal entry to adjust the shares of Duke to fair value at the end of the year?

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Financial Accounting: What would be the journal entry to adjust the shares of duke

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Financial Accounting: What would be the journal entry to adjust the shares of duke

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