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Ale co. has adopted statement of financial accounting standards no. 115, accounting for certain investments in debt and equity securities. kale purchased bonds at a discount on the open market as an investment and intends to hold these bonds to maturity. kale should account for these bonds at: answers: a. amortized cost. b. lower of cost or marketc. cost. d. fair value.
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Ale co. has adopted statement of financial accounting standards no. 115, accounting for certain inve...
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