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On its December 31, 2020 balance sheet, Ivanhoe Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change
On its December 31, 2020 balance sheet, Ivanhoe Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2021 in the composition of Ivanhoe's portfolio of debt investments held as available- for-sale debt securities. The following information pertains to that portfolio: Security Cost X $110000 Fair value at 12/31/21 $130000 Y 75000 80000 Z 135000 85000 $325000 $290000 The amount of unrealized loss to appear as a component of comprehensive income for the year ending December 31, 2021 is O $20000. O $45000. $0. O $15000, Save for Later Attempts: 0 of 1 used Submit
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