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Seybert Systems accounts for its investment in Wang Engineering bonds as available-for-sale. Seybert's balance in...

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Accounting

Seybert Systems accounts for its investment in Wang Engineering bonds as available-for-sale. Seybert's balance in accumulated other comprehensive income with respect to the Wang investment is a credit balance of $29,000, and Seybert reports the investment as $180,000 on its balance sheet. Seybert purchased the Wang investment for (ignore taxes):

Multiple Choice

  • $209,000.

  • $151,000.

  • $180,000.

  • Cannot be determined from this information.

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