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Select all that apply Northern Company has bonds with an amortized cost of $600,000 and a fair value of $675,000. Northern properly classifies these bonds
Select all that apply Northern Company has bonds with an amortized cost of $600,000 and a fair value of $675,000. Northern properly classifies these bonds as trading securities. At the end of the reporting period, (Select all that apply.) Multiple select question. Northern will make a fair value adjustment of $75,000. Northern will report an unrealized holding gain in net income. Northern will disclose the increase in fair value, but will not record an adjustment. Northern will report an unrealized holding gain in other comprehensive income
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