The VanDuzer Company has the following footnote to its financial statements: Short-Term Investments The company holds the following short-term investments at December 31 (in thousands): 1. Compute the amount that VanDuzer would show on its balance sheet for short-term investments. 2. Suppose the market values of the three securities at the beginning of the year had been as follows (in thousands): U.S. government bonds ………… $700,000 Bonds issued by Beta Corp. ……… 580,000 Common shares of Gamma Corp. ……… 710,000 Prepare journal entries to recognize the changes in market values that would be recorded in VanDuzer’s books at the end of the year.
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