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On its December 31, 2020 balance sheet, a company correctly reported a $54,000 debit balance in its Fair Value Adjustment (Available-for-Sale) account. There was no
On its December 31, 2020 balance sheet, a company correctly reported a $54,000 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. At the end of 2021, the following information pertains to the portfolio:
Cost at 12/31/21 $241,000
Fair value at 12/31/21 $153,000
The unrealized gain/loss to appear as a component of comprehensive income for the year ending December 31, 2021 is $____________.
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