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On its December 31,2024 balance sheet, Pharoah Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during
On its December 31,2024 balance sheet, Pharoah Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Pharoah's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31,2025 is $44000 $0. $22000. $16000
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