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At jan 1 2008 a company had a net valuation allowance

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At Jan 1, 2008 a company had a net valuation allowance account credit balance for investments in securities-available-for-sale of $20,000. At Deceber 31, 2008 the total cost of the relevant portfolio was $300,000, and total market value was $275,000.

Reference no: EM13572402

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