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Referring to the balance sheet and the statement of cash flows, prepare a T-account that summarizes the transactions of these short-term investments, net of any
Referring to the balance sheet and the statement of cash flows, prepare a T-account that summarizes the transactions of these short-term investments, net of any fair value adjustment (in other words, instead of the normally-separate Investments account and Fair Value Adjustment account, presume they are combined in one account). Provide a plausible explanation for the figure needed to balance the account, if any
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