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On its December 31, 2024 balance sheet, Crane Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no
On its December 31, 2024 balance sheet, Crane Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Crane's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/25 X $152000 $193000 Y 122000 106500 N 219000 169000 $493000 $468500 The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31, 2025 is
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
