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Oregon Co. had purchased200shares of Washington Co. for $40each this year and classified the investment as a trading security. Oregon Co. sold100shares of the stock

Oregon Co. had purchased200shares of Washington Co. for $40each this year and classified the investment as a trading security. Oregon Co. sold100shares of the stock for $45each. At year-end, the price per share of the Washington Co. stock had dropped to $35.

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