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  3. c. explain how the adjustment from step (b) is rep

c. Explain how the adjustment from step (b) is reported on Lindys financial statements. The________________________...

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Accounting

c. Explain how the adjustment from step (b) is reported on Lindys financial statements.

The________________________ will be reported on the income statement as other income. The ___________ (caluation allowance, trading investments, unrealized loss on trading investments, unrealized gain on trading investments) will be _______ (Added or deducted) to the cost of investments and be reported under current assets.

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