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Required information [ The following information applies to the questions displayed below. ] Jaguar Plastics Company has been operating for three years. At December 3

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[The following information applies to the questions displayed below.]
Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following:
\table[[Cash,$24,000,Accounts payable,],[Investments (short-term),2,100,Accrued liabilities payable,$16,000
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