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A company purchased $ 2 0 0 , 0 0 0 of 9 % , 4 - year bonds on January 1 , 2 0
A company purchased $ of year bonds on January for $ As of December the fair value of the bonds has decreased to $ Assuming the investment is classified as trading securities what amount would the company report for its investment in bonds on December
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$
$
None of these answer choices are correct.
$
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