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On its December 3 1 , 2 0 2 4 balance sheet, Pharoah Company appropriately reported a $ 1 0 , 0 0 0 debit

On its December 31,2024 balance sheet, Pharoah Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Pharoah's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio:
\table[[Security,Cost,Fair value at 1231?25
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