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in the current year largo company purchased bonds on macdermont corporation with a cost of 125000 and a year end fair value of 127000 these

in the current year largo company purchased bonds on macdermont corporation with a cost of 125000 and a year end fair value of 127000 these are classified as long term available for sale debt securities prepare the journal entry to record any necessary fair value adjustment to the debt investments of december 31

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