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Saffron Company Ltd., a US-based company, purchased bonds on January 1, 2017, At an interest rate 6% on EURO At $ 3,000 when the exchange

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Saffron Company Ltd., a US-based company, purchased bonds on January 1, 2017, At an interest rate 6% on EURO At $ 3,000 when the exchange rate was equal to $ 1.5 per euro (The purchase price was 2,000 euros) The bonds were purchased at par value. As of December 31, 2017, the fair value of the bonds on the market is 2,100 euros and the exchange rate is $ 1.60 per euro. Saffron classifies its investments in the bonds as available-for- sale. Required: Preparation of accounting restrictions to be recorded in the company's books on December 31, 2017 concerning investment in euro-denominated bonds

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