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On December 31, 2019, NSOH, Inc. reported its investment in available-for-sale securities at $270,000, it's fair value on that day. The portfolio originally cost $252,000.
On December 31, 2019, NSOH, Inc. reported its investment in available-for-sale securities at $270,000, it's fair value on that day. The portfolio originally cost $252,000. On December 31, 2020, the fair value of the securities was $240,000 What will NSOH, Inc. report on its 2020 income statement as a result of the change in fair value during the year? (A 34) Group of answer choices -$12,000 $18,000 -$30,000 Nothing. This adjustment would be reported as Other Comprehensive Income.
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