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1)Under what two conditions should investments be classified as current assets? 2)If a short-term investment in available-for-sale securities costs $10,000 and is sold for $12,000,
1)Under what two conditions should investments be classified as current assets?
2)If a short-term investment in available-for-sale securities costs $10,000 and is sold for $12,000, how should the difference between these two amounts be recorded?
3) In accounting for investments in equity securities, when should the equity method be used?
4)Under what circumstances does a company prepare consolidated financial statements?
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