Ch. 14, Q. 7

Coronado Corporation has elected to use the fair value option for one of its notas payable. The note was issued at an affective rate of 10% and has a carrying value of $15.000. At year-end, Coronado's borrowing rate (credit risk] has declined; the fair value of the note payable is now $16,100. Determine the unrealized holding zain or loss on the note. (Entar los ingether a negative in preceding the number 23-2945 or parentheses (29451) Unrealized Holding Gain or Loss $ e Textbook and Media List of Accounts Prepare the entry to record any unrealized holding sain or loss. (If no entry is required, select No Entry for the account tits and enter for the amounts Credit count tits are outomatically indented when amount is entired. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media