(8) Hobson Company bought the securities listed below during 2022. These securities were classified as FVTPL securities. In its income statement for the year ended December 31, 2022, Hobson reported a net unrealized loss of $13,000 on these securities. At December 31 of 2023, the following data is know: Security Acquisition Cost in 2022 Fair Value on Dec.31 of 2023 X $380,000 $352,000 Y 180,000 160,000 z 420,000 414,000 What is the loss on these securities that Hobson should report in the income statement for the year ended at December 31, 2023? $41,000. $54,000. $13,000. $0. a. b. c. d. (9) a. b. Fundamental qualitative characteristics of accounting information are: Relevance and comparability. Comparability and consistency. Faithful representation and relevance. Neutrality and consistency. c. d. (10) Carpenter Ltd. had a balance of $80,000 in its warranty liability account as of December 31, 2023. In 2024, Carpenter's actual warranty expenditures were $445,000. Its warranty expense is calculated as 1% of sales. Sales in 2024 were $40 million. What was the balance in the warranty liability account as of Dec. 31, 2024? $35,000 $400,000. $445,000 $480,000 a. b. c. d