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Sweet Company purchased, on January 1, 2020, as an available-for-sale security, $76,000 of the 9%, 5-year bonds of Chester Corporation for $70,382, which provides an

Sweet Company purchased, on January 1, 2020, as an available-for-sale security, $76,000 of the 9%, 5-year bonds of Chester Corporation for $70,382, which provides an 11% return. Prepare Sweet's journ...

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