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Business, 27.06.2019 10:20 SweetBriar

During 2017, paxon corporation's long-term investments account (at cost) increased $15,000, which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss. also, its bonds payable account decreased $40,000, the net result of issuing $100,000 of bonds at $103,000 and retiring bonds with a face value (and book value) of $140,000 at a $9,000 gain.

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During 2017, paxon corporation's long-term investments account (at cost) increased $15,000, which wa...
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