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Problem 12-5 Various transactions related to securities available-for-sale [LO12-3] The following selected transactions relate to investment activities of Ornamental Insulation Corporation. The company buys securities,

Problem 12-5 Various transactions related to securities available-for-sale [LO12-3]

The following selected transactions relate to investment activities of Ornamental Insulation Corporation. The company buys securities, not intending to profit from short-term differences in price and notnecessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental

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