On its December 31, 2024 balance sheet, Pharoah Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Pharoah's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Security X Y Z Cost O $44000. $0. O $22000. O $16000. $114000 84000 143000 $341000 Fair value at 12/31/25 $136000 78000 93000 $307000 The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31, 2025 is

On its December 31, 2024 balance sheet, Pharoah Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Pharoah's portfolio of debt investments held as available-for-sale debt securities. The following information pertains to that portfolio: Security X Y Z Cost O $44000. $0. O $22000. O $16000. $114000 84000 143000 $341000 Fair value at 12/31/25 $136000 78000 93000 $307000 The amount of unrealized loss reported as a component of comprehensive income for the year ending December 31, 2025 is

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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