How pat would report the data in the financial statements, Financial Accounting

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How pat would report the data in the financial statements

Problem: Current Attempt in Progress

Pat Ernst is the controller of Blossom, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt securities cost $74,000 and have a fair value of $71,000. Indicate how Pat would report these data in the financial statements prepared on December 31.

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Financial Accounting: How pat would report the data in the financial statements

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