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Prepare an entry

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Reference no: EM13513380

White Corp. Transfers securities from one category to another. The cost of the securities is $20,000; the fair market value is $22,000. Prepare an entry if:

(a) The securities are transferred from the trading category to the available-for-sale category.

(b) The securities are transferred from the available-for-sale category to the trading category.

(c) The securities are transferred from the held-to-maturity category to the available-for-sale category.

Reference no: EM13513380

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