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Snap, Inc. ( a social media platform ) , reports the following in its 2 0 2 3 1 0 - K report. The table
Snap, Inc. a social media platform reports the following in its K report.
The table below presents the changes in accumulated other comprehensive income lossAOCI by component
and the reclassifications out of AOCI :
The following information is reported on Snap's marketable debt securities
Answer the following:
a Snap reported a net loss for of $ thousand. Determine comprehensive
income for the year.
b During did the US dollar weaken or strengthen relative to the currencies in which
Snap has subsidiaries? Explain.
c Consider the Level securities which relate to investments in US government debt
securities On average, has the market rate of interest for these securities increased or
decreased since Snap purchased these securities Explain.
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