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Jill Ernst is the controller of Cullumber, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt

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Jill Ernst is the controller of Cullumber, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt securities cost $75,400 and have a fair value of $71,000. Indicate how Jill would report these data in the financial statements prepared on December 31. Debt investments, at fair value Unrealized loss ta

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