ManiDon't upload any image please At December 31, 2022, available-for-sale debt securities for Cullumber, Inc. are as follows. The securities are considered to be a long-term investment.SecurityABCTotalCost$17,79511,69022,350$51,835Fair Value$17.01015,01916,700$48,729 Show the statement presentation at December 31, 2022, after adjustment to fair value.InvestmentsDebt InvestmentsTotal Stockholders' EquityRetained EarningsCullumber, Inc.(Partial) Balance SheetDecember 31, 2022$LA$48,7293,106

When available for sale debt securities are adjusted to fair value, the difference between fair…

At December 31, 2022, available-for-sale debt securities for Cullumber, Inc. are as follows. The securities are considered to be a long- term investment. Security Cost A $17,795 B 11,690 [ C 22,350 Total $51,835 Fair Value $17,010 15,019 16,700 $48,729

At December 31, 2022, available-for-sale debt securities for Cullumber, Inc. are as follows. The securities are considered to be a long- term investment. Security Cost A $17,795 B 11,690 [ C 22,350 Total $51,835 Fair Value $17,010 15,019 16,700 $48,729

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Mani

Don't upload any image please

At December 31, 2022, available-for-sale debt securities for Cullumber, Inc. are as follows. The securities are considered to be a long-
term investment.
Security
A
B
C
Total
Cost
$17,795
11,690
22,350
$51,835
Fair Value
$17.010
15,019
16,700
$48,729

Show the statement presentation at December 31, 2022, after adjustment to fair value.
Investments
Debt Investments
Total Stockholders' Equity
Retained Earnings
Cullumber, Inc.
(Partial) Balance Sheet
December 31, 2022
$
LA
$
48,729
3,106

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