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(Solution) - Ernst is the controller of J Products Inc At December 31

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Ernst is the controller of J-Products, Inc. At December 31, the end of its first year of operations the company's investments in trading securities cost $74,000 and have a fair value of $70,000. Indicate how Pat would report these data in the financial statements prepared on December 31.


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This question was answered on: Jul 11, 2017

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