Question
On its December 31, 2020 balance sheet, a company appropriately reported a $12,000 debit balance in its Fair Value Adjustment (Available-for-Sale) account. There was no
On its December 31, 2020 balance sheet, a company appropriately reported a $12,000 debit balance in its Fair Value Adjustment (Available-for-Sale) account. There was no change during 2021 in the composition of the companys portfolio of available-for-sale securities. The following information pertains to that portfolio:
Amortized Cost 12/31/21: $650,000
Fair value at 12/31/21: $230,000
The unrealized gain/loss for the year ending December 31, 2021 is ________.
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
978-0131588141
