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Investment in Trading and AFS Securities A company purchases debt securities for $180,000 at the beginning of 2022. It classifies $72,000 as trading securities and
Investment in Trading and AFS Securities A company purchases debt securities for $180,000 at the beginning of 2022. It classifies $72,000 as trading securities and $108,000 as AFS securities. It sells the securities in 2023 . Required a. Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI. b. Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI
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