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Question - Trading securities were purchased for $100,000. Initially the investment climbed in value to $125,000. By year's end, it had decreased in value to $90,000. At what amount should the trading securities be reported on the year-end balance sheet?
$90,000
$100,000
$125,000
None of these.
On January 1, Coldwater Company has a net book value of $1,792,000. What amount of consolidated goodwill would be recognized from this acquisition?
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