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On May 1,Franke Co.purchases 2,000 shares of Computech stock for $25,000.This investment is considered to be an available-for-sale investment.On July 31 (Franke's year-end),the stock had a market value of $28,000.Franke should record a credit to Unrealized Gain-Equity for $3,000.
More Education
The process or approach of acquiring additional knowledge, skills, values, beliefs, and habits through various means such as schooling, training, or research.
John Rawls
A philosopher known for his contributions to political and moral philosophy, especially in his theory of justice as fairness.
Economically Fair Society
A concept where wealth and resources are distributed evenly or equitably among all members of a society, aiming for fairness in economic conditions.
High-Income Household
A home or family unit that earns a significantly higher income than the average for their area or country, often placing them in the top income brackets.
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