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Putnam Co. purchased a bond on December 1 of the current year for $43,000 and...

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Accounting

Putnam Co. purchased a bond on December 1 of the current year for $43,000 and classified the investment as trading. The market value of the investment at year-end is $44,500. What value will
be reported in net inchme for the adjustment?
A. $1,500
B. $43,000
C. $44,500
D. $(1,500)
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