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Murphy Enterprises Holds the Following Available-For-Sale Securities as Long-Term Investments

Question 49

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Murphy Enterprises holds the following available-for-sale securities as long-term investments on December 31, 2017: Murphy Enterprises holds the following available-for-sale securities as long-term investments on December 31, 2017: What amount will be reported as long-term investments on Murphy's December 31, 2017 balance sheet? A) $291,000 B) $284,000 C) $258,000 D) $251,000 What amount will be reported as long-term investments on Murphy's December 31, 2017 balance sheet?


A) $291,000
B) $284,000
C) $258,000
D) $251,000

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