Use the following information for parts A through C.

On its December 31, 2007 balance sheet, Klugman Company appropriately reported a $10,000 debit balance in its Securities Fair Value Adjustment (Available-for-Sale) account. There was no change during 2008 in the composition of Klugmans portfolio of marketable equity securities held as available-for-sale securities. The following information pertains to that portfolio:

Security Cost Fair value at 12/31/08

X $125,000 $160,000

Y 100,000 95,000

Z 175,000 125,000

$400,000 $380,000

A. The Journal entry required to properly record the AFS ( Available for sale) securities at 12/31/2017. What would be the securities fair value adjustment account ?

a. $30,000.

b. $20,000.

c. $10,000.

d. $0.

B. The amount of unrealized loss to appear as a component of comprehensive income for the year ending December 31, 2008 is

a. $30,000.

b. $20,000.

c. $10,000.

d. $0.

C. The only item that impacts the AOCI for Klugman is AFS debt investment. What is the balance in the AOCI account as of 12/31/2017?

a. $30,000.

b. $20,000.

c. $10,000.

d. $0.