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What is the correct answer? Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security A B cost $43,000 79,000 33,100
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Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security A B cost $43,000 79,000 33,100 Fair Value, 12/31/2021 $49,600 72,000 42,000 All declines are considered to be temporary. How much gain will be reported by Jeremiah Corporation in the December 31, 2021, income statement relative to the portfolio? Multiple Choice $0. O $15,500. $8,500 None of these answer choices are correctStep by Step Solution
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