Merlin Enterprises sold the following debt investment on September 30, Year 2: Beard Inc. Market Value...
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Merlin Enterprises sold the following debt investment on September 30, Year 2: Beard Inc. Market Value Amortized Cost 12/31/Y1 9/30/Y2 $67,000 $59,000 $71,000 What is the amount of the realized gain or loss on Merlin's Year 2 income statement, assuming that the investment in Beard Inc. is classified as an available-for-sale debt security? Merlin Enterprises sold the following debt investment on September 30, Year 2: Beard Inc. Market Value Amortized Cost 12/31/Y1 9/30/Y2 $67,000 $59,000 $71,000 What is the amount of the realized gain or loss on Merlin's Year 2 income statement, assuming that the investment in Beard Inc. is classified as an available-for-sale debt security?
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