Based on the numbers attatched, I need to show the balance sheet presentation at Deceber 31, 2022 after adjustment to fair value. At December 31, 2022, the trading debt securities for Blossom, Inc. are as follows.SecurityABсTotalCost$17,35911,69021,920$50,969Fair Value$16,42014,44316,430$47,293

As the debt investments are presented at fair value, the unrealized gain/ loss is recognized in the…

Answered: Security A B Cost $17,359 11,690 Fair…

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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Based on the numbers attatched, I need to show the balance sheet presentation at Deceber 31, 2022 after adjustment to fair value.

At December 31, 2022, the trading debt securities for Blossom, Inc. are as follows.
Security
A
B
с
Total
Cost
$17,359
11,690
21,920
$50,969
Fair Value
$16,420
14,443
16,430
$47,293

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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