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Business, 30.10.2019 22:31 adiafloresp2dkbx

Jones enterprises purchased a bond on august 31 of the current year for $250,000 and classified the investment as an available-for-sale debt. the market value of the available-for-sale debt investment at year-end is $255,000. the adjustment is a. recorded as a debit to fair value adjustment minus available-for-sale b. reported as a $5,000 unrealized holding gain in the income statement c. recorded as a debit to unrealized holding gain minus available-for-sale d. subtracted from the available-for-sale debt investments account to arrive at the amount reported on the balance sheet

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Jones enterprises purchased a bond on august 31 of the current year for $250,000 and classified the...

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