Campbell Corp purchases two debt securities on January 1, 2019. It classifies one as a...
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Campbell Corp purchases two debt securities on January 1, 2019. It classifies one as a trading security and one as an available-for-sale security. Campbell owns both investments at the end of 2018. As of December 31, 2019, the fair value of the trading security has increased by $4,000 and the fair value of the available-for-sale security has decreased by $2,000.
What are the impacts to Campbell Corp's income statement?
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