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Godfrey Corporation holds, as a long-term investment, available-for-sale securities costing $62,000. At December 31, 2017, the fair value of the securities is $56,900. Prepare the
Godfrey Corporation holds, as a long-term investment, available-for-sale securities costing $62,000. At December 31, 2017, the fair value of the securities is $56,900. Prepare the adjusting entry to record the securities at fair value
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