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View Policies Current Attempt in Progress In its first year of operations, Blossom Corporation...

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Accounting

View Policies
Current Attempt in Progress
In its first year of operations, Blossom Corporation purchased, available-for-sale debt securities costing $71,000 as a long-term
investment. At December 31,2022, the fair value of the securities is $65,900.
Show the financial statement presentation of the securities and related accounts. Assume the securities are noncurrent. (Enter negative
amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
BLOSSOM CORPORATION
Balance Sheet
$
$
BLOSSOM CORPORATION
Comprehensive Income Statement
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