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1.Under what circumstances does a company prepare consolidated financial statements? 2.If a short-term investment in...

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Accounting

1.Under what circumstances does a company prepare consolidated financial statements?

2.If a short-term investment in available-for-sale securities costs $10,000 and is sold for $12,000, how should the difference between these two amounts be recorded?

3.If a company purchases its only long-term investments in available-for-sale debt securities this period and their fair value is below cost at the balance sheet date, what entry is required to recognize this unrealized loss?

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