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t Amortized Cost Fair Value Unrealize Gain (Loss

t Amortized Cost Fair Value Unrealize Gain (Loss

FINANCIAL ACCOUNTING
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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prepare the journal entry for the 2023 sell of security A.

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.
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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