On its December 31, 2024 balance sheet, Calhoun Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Calhoun's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Security X Y Z B) $0. The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31, 2025 is OA) $20,000. OC) $40,000. Cost $130,000 100,000 175,000 $405,000 D) $30,000. Fair value at 12/31/25 $160,000 90,000 125,000 $375,000

On its December 31, 2024 balance sheet, Calhoun Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Calhoun's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Security X Y Z B) $0. The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31, 2025 is OA) $20,000. OC) $40,000. Cost $130,000 100,000 175,000 $405,000 D) $30,000. Fair value at 12/31/25 $160,000 90,000 125,000 $375,000

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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H
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am. 336.
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