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Cullumber Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31,2020 (a) Your

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Cullumber Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31,2020 (a) Your answer is correct. What is the amount of the credit loss that Cullumber should report on this available-for-sale security at December 31,2020 ? Amount of the credit loss Assume that the fair value of the available-for-sale security is $53,600 at December 31,2020 , instead of $40,600. What is the amount of the credit loss that Cullumber should report at December 31,2020 ? Amount of the credit loss

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