Financial Traders Inc. reported the following with respect to its trading investments in the 2014 financial statements.

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2014 2013

Trading investments..................$45,000.................$30,000

Loss on fair value adjustment..........5,500

Calculate cash payments for the purchase of trading investments. The company did not sell any trading investments during 2014.

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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 31, 2017 01:07 AM

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Financial Traders Inc. reported the following with respect to its trading investments in the 2014 financial statements.

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Accounting Principles Part 3

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