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Sheffield Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2025.
Sheffield Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2025. Amortized cost $51,000 Fair value 42,000 Expected credit loss 12,550 What is the amount of the credit loss that Sheffield should report on this available-for-sale security at December 31, 2025? (Do not leave any answer field blank. Enter O for amounts.) Amount of the credit loss $
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