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6 art 2 of 2 Required information. [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of
6 art 2 of 2 Required information. [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Cost Fair Value $ 535,300 $490,000 154,000 18 oints eBook Print References Company B notes Company C bonds 159,3801 662,750 713,630 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $79,200. July 6 Purchased Company X bonds for $126,600. November 13 Purchased Company 2 notes for $267,900. December 9 Sold all of the Company A bonds for $515,000. Fair values at December 31 are B, $81,000; C, $665,000; X, $118,000; and Z, $278,000. 3. What amount of gains or losses on transactions relating to long-term investments in available-for-sale debt securities does Stoll report on its income statement for this year? Loss
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