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On its December 31, 2023, balance sheet, Riverbed Corp. reported a short-term investment in equity securities, under the fair value through net income model,
On its December 31, 2023, balance sheet, Riverbed Corp. reported a short-term investment in equity securities, under the fair value through net income model, at $332940. At December 31, 2024, the fair value of the securities was $366000. What should Riverbed report on its 2024 income statement as a result of the increase in fair value of the investments during 2024? Loss on investments of $33060. Investment income of $33060. $0. O Unrealized gain of $33060.
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
