Business, 16.10.2021 15:00 kaylailkanic1487

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $73 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $67 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $87 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should next take the second step of:

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On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $73 million at pa...