If the bonds in Question 8 are classified as available-for-sale and they have a fair value at
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If the bonds in Question 8 are classified as available-for-sale and they have a fair value at December 31, 2020, of $3,604,000, prepare the journal entry (if any) at December 31, 2020, to record this transaction.
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Related Book For 
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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