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(5 points) At the beginning of 2020, Gladiolus purchased 58,000 shares of TCV's common stock for $32/share and added them to its Expansion Fund,
(5 points) At the beginning of 2020, Gladiolus purchased 58,000 shares of TCV's common stock for $32/share and added them to its Expansion Fund, an available- for-sale portfolio. At the end of 2020, the stock had increased in value to $37/share. At the end of 2021, the value had dropped to $29/share. What should Gladiolus report as it's ending Fair Value Adjustment - Expansion Fund balance at the end of 2021? (A 34) O a debit of $1,682,000 a credit of $290,000 O a debit of $58,000 a credit of $174,000
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