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help! a. Investment in Brava Company bonds: $462,650 cost, $502,901 fair value. Carperk intends to hold these bonds until they mature in 5 years. b.

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a. Investment in Brava Company bonds: $462,650 cost, $502,901 fair value. Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybeidge common stock: 29,500 shares; $367,807 cost: $399,806 fair value, Carperk owns 32% of Baybildge's voting stock and has a signiticant influence over Baybridge. c. Investment in Duffa bonds: $189,687 cost: $204,483 fair value. This investment is not readily merketable and is not classitied as heid-to-maturity or trading. d. Investment in Newton notes: \$105,484 cost; \$103,691 fair value. Newon notes are not readly marketable and are not classified as held-to-maturity or trading. e. Investment in Farmers common stock: 16,300 shares; $115,663 cost, $122,834 fair value. This stock is marketable, and Carperk intends to sell it within the year. This stock investment results in Carperk having an insignificant influence over Farmers. Required: 1. Identify whether each investment should be classified as a shorterm or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed. 2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of avallable-for-sale debt securities. Carperk had no avallable-for-sale debt securities prior to this year

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