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What Balance Sheet Amount Would Beresford Report for Its Total

Question 72

Multiple Choice

What balance sheet amount would Beresford report for its total investment securities at 12/31/08?


A) $637,000
B) $644,500
C) $645,400
D) None of these is correct.The held-to-maturity securities are reported at amortized cost, and the others are reported at fair value.

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