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Record the initial investment by fickle

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Question - Fickle Financial buys and sells securities, expecting to earn profits on short term differences in price. On December 28, Fickle purchased Microsoft common stock shares for $485000. On December 31, the shares had a fair value of $483000. Record the initial investment by Fickle and, if appropriate, an adjustment to record the investment at fair value.

Reference no: EM132040214

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