On December 31, ABC Company held the following short-term investments in its portfolio of available-for-sale debt securities. ABC had no short-term investments in its prior accounting periods.
Available-for-Sale Securities Cost Fair Value
Verrizano Corporation bonds $ 61,000 $ 59,780
Preble Corporation notes 42,000 37,380
Lucerne Company bonds 57,000 54,720
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On December 31, ABC Company held the following short-term investments in its portfolio of available-...
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