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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
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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