t Amortized Cost Fair Value Unrealize Gain (Loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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prepare the
![Current Attempt in Progress
At December 31, 2022, the held-for-collection and selling debt portfolio for Marin SA is as follows.
Investment
A
B
с
Total
Amortized Cost
€26,250
18,750
34,500
€79,500
Fair Value
€22,500
21,000
38,250
€81,750
Previous fair value adjustment balance-Dr.
Fair value adjustment-Dr.
Unrealized
Gain (Loss)
€(3,750 )
2,250
3,750
2,250
600
€1,650
On January 20, 2023, Marin SA sold security A for €22,650. The sale proceeds are net of brokerage fees.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5c074cfe-e1b1-4af2-9857-8ec9941767da%2F4ecaef76-b4ff-49fe-b90a-5710f35e3bf0%2Fpvnzgal_processed.png&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
At December 31, 2022, the held-for-collection and selling debt portfolio for Marin SA is as follows.
Investment
A
B
с
Total
Amortized Cost
€26,250
18,750
34,500
€79,500
Fair Value
€22,500
21,000
38,250
€81,750
Previous fair value adjustment balance-Dr.
Fair value adjustment-Dr.
Unrealized
Gain (Loss)
€(3,750 )
2,250
3,750
2,250
600
€1,650
On January 20, 2023, Marin SA sold security A for €22,650. The sale proceeds are net of brokerage fees.
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