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(5 points) On December 31, 2019, Javan Co. reported its investment in available-for-sale securities at $1,162,000, it's fair value on that day. The portfolio
(5 points) On December 31, 2019, Javan Co. reported its investment in available-for-sale securities at $1,162,000, it's fair value on that day. The portfolio originally cost $1,086,000. On December 31, 2020, the fair value of the securities was $1,034,000 What will Javan Co. report on its 2020 income statement as a result of the change in fair value during the year? (A 34) ($128,000) $76,000 Nothing. This adjustment would be reported as Other Comprehensive Income. ($52,000)
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