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Buffalo Corporation purchased trading investment bonds for $42,000 at par. At December 31, Buffalo received annual interest of $1,680, and the fair value of the
Buffalo Corporation purchased trading investment bonds for $42,000 at par. At December 31, Buffalo received annual interest of $1,680, and the fair value of the bonds was $39,400. Prepare Buffalo' journal entries for (a) the purchase of the investment, (b) the interest received, and (c)) the fair value adjustment. (Aaume a zero balance in the Fair Value Adjustment account)
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
