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Question 2 (2 points) A company signs a $28,400 contract for their supplier to provide paper products during the next year. Before the products are

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Question 2 (2 points) A company signs a $28,400 contract for their supplier to provide paper products during the next year. Before the products are fulfilled, the market value of the contract becomes $24,900. Based on these facts only, what would be true within the company's journal entries? No entries are required based on these facts O Cr. Estimated liability on purchase commitments $24,900 Dr. Unrealized holding loss $3,500 Cr. Estimated liability on purchase commitments $28,400

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