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In its first year of operations, Blossom Corporation purchased, as a long-term investment available-for-sale debt securities costing $65,500. At December 31, 2020, the fair value
In its first year of operations, Blossom Corporation purchased, as a long-term investment available-for-sale debt securities costing $65,500. At December 31, 2020, the fair value of the securities is $60,950. Show the financial statement presentation of the securities and related accounts. Assume the securities are noncurrent. BLOSSOM CORPORATION Balance Sheet $ $ $ BLOSSOM CORPORATION Comprehensive Income Statement $
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