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Accounting
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6 On March 15, Alan Company purchased 10.000 shares of Cameo Corp. stock for $35,000. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On June 30, the stock had a fair value of $34,000 Alan should do which of the following points Multiple Choice 8 02:2434 Record a debit to the Fair Value Adjustment-AFS account Record an incresse to the Unrealized Loss-Equity account Report a decreese in the Gain on Sale of Investment Iincome statement account
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