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RESOURCES signmenis 12019) Exercise 17-10 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Coronado, Inc. is as follows. (Part sion) (Part
RESOURCES signmenis 12019) Exercise 17-10 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Coronado, Inc. is as follows. (Part sion) (Part sion) 0 (Part sion) Unrealized Security Cost Fair Value Gain (Loss) $123,375 $105,750 $(17,625 ) B 88,125 98,700 10,575 162,150 179,775 17,625 Total $373,650 $384,225 10,575 Previous fair value adjustment balance-Dr. 2,820 Fair value adjustment-Dr. $7,755 On January 20, 2018, Coronado, Inc. sold security A for $106,455. The sale proceeds are net of brokerage fees. by Study CoronadoInc. reports net income in 2017 of $846,000 and in 2018 of $987,000. Total holding gains (including any realized holding gain or loss) equal $282,000 in 2018. (a) Prepare a statement of comprehensive income for 2017, starting with net income. CORONADO, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 LINK TO TEXT SUBMIT ANSWER Attempts: 0 of 3 used landiet inim ene SAVE FOR LATER on plus.com/eduinenleharedla
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