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On February 1, Fairwing Company purchased short-term investments in available-for-sale debt securities at a cost of $41,000 cash. The journal entry on December 15 when
On February 1, Fairwing Company purchased short-term investments in available-for-sale debt securities at a cost of $41,000 cash. The journal entry on December 15 when Fairwing sells 30% of these securities ($12,300 cost) for $13,000 includes a
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