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A corporation uses fair value accounting to report its available-for-sale securities. The investments were purchased for $31K, but are now worth only $29K. How will
A corporation uses fair value accounting to report its available-for-sale securities. The investments were purchased for $31K, but are now worth only $29K. How will the Balance Sheet reflect the change?
$2K increase in value, unrealized gain of $2K $2K increase in value, no gain/loss $2K decrease in value, no gain/loss $2K decrease in value, unrealized loss of $2K Step by Step Solution
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