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Golden Financial buys and sells securities which it classifies as available for sale. Before adjusting for far value at year-end, the bond's fair value adjustment
Golden Financial buys and sells securities which it classifies as available for sale. Before adjusting for far value at year-end, the bond's fair value adjustment has a debt balance of $100. On Dec. 31, 2021, a bond has an amortized cost of $ 1200 and the bond's fair value is now $1100. To adjust the securities to fair value, Golden should credit fair value adjustment for: ?
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