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In its first year of operations, Crane Corporation purchased avaiable - for - sale debt securities costing $ 6 6 , 0 0 0 as

In its first year of operations, Crane Corporation purchased avaiable $-$ for $-$ sale debt securities costing $ $66, 000$ as a long $-$ term investment. At December $31, 2022,$ the fair value of the securities is $ $61, 400 .$ Prepare the adjusting entry to record the securities at fair value.

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In its first year of operations, Crane Corporation purchased avaiable - for - sale debt securities costing $ 6 6 , 0 0 0 as

In its first year of operations, Crane Corporation purchased avaiable-for-sale debt securities costing $66,000 as a long-term investment. At December 31,2022, the fair value of the securities is $61,400. Prepare the adjusting entry to record the securities at fair value.

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In its first year of operations, Crane Corporation purchased avaiable $-$ for $-$ sale debt securities costing $ $66, 000$ as a long $-$ term investment. At December $31, 2022,$ the fair value of the securities is $ $61, 400 .$ Prepare the adjusting entry to record the securities at fair value.