Jeremiah Corporation purchased debt securities during 2018 and classified them as securities available for sale: 0/1 point Security A B C Fair Value Cost 12/31/2018 $40,000 $49,000 70,000 66,000 28,000 39,800 All declines are considered to be temporary How much gain will be reported by Jeremiah Corporation in the December 31, 2018. income statement relative to the portfolio? $0. $16,000 $20,000 None of these answer choices are View Feedback Question 16 0/1 point If an available for sale investment is sold for which there are unrealized holding sains in accumulated other comprehensive income TAOCI, a reclassification adjustment affects other comprehensive Income (OC) in the period of sale by: Reducing OCl for the amount of unrealized holding gains in AOCI. Increasing Oci for the amount of unrealized holding sains in AOCI. No effect on OCI, as OCI only includes the effects of unrealized holding gains and losses. No effect on OCI, as the realized gain is included in AOCI. View Feedback Question 21 0/1 point A customer of Razor Sharpeners alleges that Razor's new razor sharpener had a defect that resulted in serious injury to the customer Razor believes the customer has a 51% chance of winning the case, and that if the customer wins the case there is a range of losses of between $1,000,000 and $3,000,000 in which any number is equally likely to occur. Under IFRS Razor should accrue a liability in the amount of: $0. $1.000.000 $2.000.000 $3,000,000