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HELP Required information [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of
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Required information [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 sold one-half of the Company B notes for $78,690. July 6 Porchased company x bonde for $128,000. November 13 Purchased company z notes for $267,200. Decenber 9 sold all of the Company A bonds for $523,500. Fair values at December 31 are B,$82,000;C,$600,000;X,$115,000; and Z,$280,000. 3. What amount of gains or losses on transactions relating to long-term investments in available-for-sale debt securities does Stoll report on its income statement for this year Step by Step Solution
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