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Northern Company has bonds with an amortized cost of $600,000 . At the end of the first reporting period, the bonds had a fair value
Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair value of $675,000. 2 days after the end of the first reporting period, the bonds havea fair value of $680,000 and Northerndecides to sell the bonds.
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