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Assuming that all of the transactions are material, which of them will most likely have no effect on current year net income? advance in technology

Assuming that all of the transactions are material, which of them will most likely have no effect on current year net income?

  1. advance in technology that renders certain inventory items obsolete
  2. retirement of callable bonds at a premium
  3. increase in the fair value of certain trading securities held as an investment
  4. None of the above

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