Harvard Co. purchased a bond on December 1 of the current year for $30,000 and classified the
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Harvard Co. purchased a bond on December 1 of the current year for $30,000 and classified the investment as trading. The market value of the investment at year-end is
$36,000. What value will be reported in net income for the adjustment?
a. $36,000
b. $(6,000)
c. $6,000
d. $30,000
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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