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Classification Cost FMV on 12-31 Security A Trading 8,000.00 7,000.00 Security B Trading 3,000.00 3,500.00 Security C AFS 5,000.00 6,100.00 Security D AFS 12,000.00
Classification Cost FMV on 12-31 Security A Trading 8,000.00 7,000.00 Security B Trading 3,000.00 3,500.00 Security C AFS 5,000.00 6,100.00 Security D AFS 12,000.00 11,500.00 Security D Held to Maturity 20,000.00 19,000.00 Make journal entries to Recore the purchase and the recording of the FMV at December 31st.
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Business Analysis Valuation Using Financial Statements
Authors: Paul M. Healy
5th edition
1111972303, 978-1111972301
