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Muscat Company purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations
Muscat Company purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Fair Value Fair Value Amortized Cost Amortized Cost Held-to-Maturity Securities: 12/31/2020 12/31/2021 12/31/2020 12/31/2021 ABC Co. Bonds $ 387,000 $ 412,000 $ 379,500 $ 372,000 Fair Value Trading Securities: Fair Value 12/31/2020 12/31/2021 Cost DEF Co. Bonds $ 57,000 $ 68,000 73,400 GEH Inc. Bonds $ 59,000 $ 89,000 51,000 IJK Inc. Bonds $ 56,000 $ 50,500 $ 44,900 Available-for-Sale Securities: LMN Co. Bonds Fair Value Fair Value 12/31/2020 12/31/2021 $ 150,400 $ 164,300 Cost $ 152,000 What would be the balance in the company's accumulated other comprehensive income with respect to these investments in its 12/31/2021 balance sheet (ignore taxes)? Select one: A. $576,300. B. $12,300. C. $19,900. D. None of these answer choices are correct.
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