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Required information (The following information applies to the questions displayed below.) Kitty Company began operations in the current year and acquired short-term debt investments in
Required information (The following information applies to the questions displayed below.) Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Fair Value Tesla Bonds $17,700 $13,275 27,600 28,980 Ford Bonds 6,900 5,520 Cost Nike Bonds fter the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? omplete this question by entering your answers in the tabs below. quired 1 Required 2 er the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. nounts to be deducted should be indicated with a minus sign.) KITTY COMPANY Assets Section of Balance Sheet December 31 Assets NILLy Company Deyal OpeldLIONIS II e curent yedi dilu duyuireu year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Tesla Bonds Nike Bonds Ford Bonds Cost $17,700 27,600 6,900 Fair Value $13,275 28,980 5,520 (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securitie Complete this question by entering your answers in the tabs below. Required 1 Required 2 In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities rep In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported?
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