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Centrex Corporation Purchased 500 Shares of Pfizer Stock at $50

question 83

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Centrex Corporation purchased 500 shares of Pfizer stock at $50 per share.The managers of Centrex Corporation intend to sell the shares as soon as their target price is reached,which will probably be within the next three months.During the holding period,the market price of the stock went up $5 per share.How should Centrex account for the change in value?


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