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Interpreting Footnotes on Security Investments Snapchat reports the following information in its 2018 10-K report. The table below presents the changes in accumulated other comprehensive

image text in transcribed Interpreting Footnotes on Security Investments Snapchat reports the following information in its 2018 10-K report. The table below presents the changes in accumulated other comprehensive income (loss) ("AOCI") by component and the reclassifications out of AOCI: Changes in Accumulated Other Comprehensive Income (Loss) by Component $ thousands Balance at December 31, 2017 OCI before reclassifications Amounts reclassified from AOCI Net current period OCI Balance at December 31, 2018 Foreign Marketable Currency Securities Translation Total $(1,186) $16,759 $15,573 781 - 781 $(405) (12,892) (12,111) (12,892) (12,111) $3,867 $3,462 Footnotes report the following information on Snapchat's marketable debt securities. $ thousands Cash $- Cost or Gross Total Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value $307,945 $- $307,945 Gross Level 1 securities U.S. government securities 809,587 13 (193) 809,407 U.S.government agency securities 199,135 4 (40) 199,099 Level 2 securities Corporate debt securities Commercial paper 39,401 36,512 1 (20) 39,382 - 36,512 Certificates of deposit 14,622 14,622 Total $1,407,202 $18 $(253) $1,406,967 Snapchat reported net loss for the year of $1,255,911 thousand. Determine comprehensive income for the year. Use a negative sign to indicate comprehensive loss, if applicable. $ 12,892 * thousand During 2018, did the currencies in the countries where Snapchat's subsidiaries were headquartered weaken or strengthen? Weaken Consider the Level 1 securities, which relate to investments in U.S. government debt securities. On average, has the market rate of interest for these securities increased or decreased since Snapchat bought these securities? Increased

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