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Current Attempt in Progress Martinez Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio consisted of the
Current Attempt in Progress Martinez Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio consisted of the following common stocks. What should be reported on Martinez's December 31,2020 , balance sheet relative to these securities? What should be reported on Martinez's 2020 income statement? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) On December 31, 2021, Martinez's securities portfolio consisted of the following common stocks. During the year 2021, Martinez Corp. sold 2,100 shares of Poley Corp. for $38,300 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Martinez's December 31, 2021, balance sheet? What should be reported on Martinez's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Question 9 of 11 4/12 Other Expenses and Losses Unrealized Holding Gain or Loss - Income $ Loss on Sale of Investments
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