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Brief Exercise 16-7 Your answer is partially correct. Try again. Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $66,500. At December 31, 2017,

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Brief Exercise 16-7 Your answer is partially correct. Try again. Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $66,500. At December 31, 2017, the fair value of the securities is $61,850. Show the financial statement presentation of the available-for-sale securities and related accounts. Assume the available for sale securities are noncurrent GOLDFREY CORPORATION Balance Sheet December 31, 2017 IDE T Investments T Stockholders' Equity

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