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Required information [The following information applies to the questions displayed below.) Franklin, Inc., accumulates large amounts of excess cash throughout the year. It typically invests
Required information [The following information applies to the questions displayed below.) Franklin, Inc., accumulates large amounts of excess cash throughout the year. It typically invests these funds in marketable securities, both short term and long term. The company's most recent financial statements revealed a net unrealized loss on marketable securities of $100,000. Footnotes to the financial statements disclosed that Franklin, Inc., reports its marketable securities at fair value. b. How does the net unrealized loss impact the company's financial statements? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) | It appears in an account in Franklin's income statement It increases the asset amount 7 decreases the asset amount 2 The recognition of this loss does not involve any cash flow. 2 The recognition of this loss involves cash flow
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