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Kakky Corp purchased trading securities for $18,000. a. Record the original purchase b. At the end of the current fiscal year, the securities that Kakky

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Kakky Corp purchased trading securities for $18,000. a. Record the original purchase b. At the end of the current fiscal year, the securities that Kakky purchased had a fair value of $15,000. Record the change in value. c. At the end of the next fiscal year, Kakky's stock that it purchased was valued at $20,000. Record the change in value

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