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Brief Exercise 16-05 The cost of the trading securities of Oriole Company at December 31, 2020, is $57,500. At December 31, 2020, the fair value

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Brief Exercise 16-05 The cost of the trading securities of Oriole Company at December 31, 2020, is $57,500. At December 31, 2020, the fair value of the securities is $54,750 Show the financial statement presentation of the trading securities and related accounts. ORIOLE COMPANY Balance Sheet (Partial) ORIOLE COMPANY

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