Current Attempt in Progress On its December 31, 2020 balance sheet, Oriole Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2021 in the composition of Oriole's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Fair value at 12/31/21 Security Cost X $139000 $175000 Y 93000 106000 Z 184000 137000 $429000 $405000 What amount of unrealized loss on these debt securities should be included in Oriole's stockholders' equity section of the balance sheet at December 31, 2021? $23000. $0. $24000. $34000.
Current Attempt in Progress On its December 31, 2020 balance sheet, Oriole Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2021 in the composition of Oriole's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Fair value at 12/31/21 Security Cost X $139000 $175000 Y 93000 106000 Z 184000 137000 $429000 $405000 What amount of unrealized loss on these debt securities should be included in Oriole's stockholders' equity section of the balance sheet at December 31, 2021? $23000. $0. $24000. $34000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
On its December 31, 2020 balance sheet, Oriole Company appropriately reported a $10,000 debit balance in its Fair Value
Adjustment account. There was no change during 2021 in the composition of Oriole's portfolio of debt investments held as
available-for-sale debt securities. The following information pertains to that portfolio:
Fair value at
12/31/21
Security
Cost
X
$139000
$175000
Y
93000
106000
Z
184000
137000
$429000
$405000
What amount of unrealized loss on these debt securities should be included in Oriole's stockholders' equity section of the balance
sheet at December 31, 2021?
$23000.
$0.
$24000.
$34000.
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