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QUESTION 36 Suppose that Marquette Co. purchases an available for sale security for $100,000 cash. At the end of the year the security is worth

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QUESTION 36 Suppose that Marquette Co. purchases an available for sale security for $100,000 cash. At the end of the year the security is worth $97,000. What is the impact on net income from this FMV change? QUESTION 37 Regarding the investment from no, 36 above what type investment was made? A DEBT AND/OR EQUITY FMV METHOD GB DEBT FMV METHOD ODEBT AND/OR EQUITY AMORTIZED COST D.EQUITY FMV METHOD

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