In its first year of operations, Godfrey Corporation purchased, available-for-sale debt securities costing $72,000 as a long-term
Question:
In its first year of operations, Godfrey Corporation purchased, available-for-sale debt securities costing $72,000 as a long-term investment. At December 31, 2022, the fair value of the securities is $68,000. Show the financial statement presentation of the securities and related accounts.
Assume the securities are noncurrent.
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Related Book For 
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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