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Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account.
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included in Cullumber's stockholders' equity section of the balance sheet at December 31, 2018? 59000 $52000 50 362000 Click if you would like to Show Work for this questioni Open Show Work
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