Question
The following information pertains to McMahon Corp.s available-for-sale debt securities: 12/31/2022 12/31/2023 Cost $100,000 $100,000 Fair Value $97,000 $110,000 The decline in fair value was
The following information pertains to McMahon Corp.s available-for-sale debt securities:
|
| 12/31/2022 | 12/31/2023 |
| Cost | $100,000 | $100,000 |
| Fair Value | $97,000 | $110,000 |
The decline in fair value was properly accounted for at December 31, 2022. Ignoring tax effects, by what amount should other comprehensive income (OCI) be credited at December 31, 2023?
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HR Self Audits A Strategy For Continuous Improvement
Authors: Wynette Harewood, Marilyn Silverman
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