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Business, 07.05.2021 18:30 alondra314

On its December 31, 2019 balance sheet, Klugman Company appropriately reported a $10,000 debit balance in its Securities Fair Value Adjustment (Available-for-Sale) account. There was no change during 2020 in the composition of Klugman’s portfolio of marketable equity securities held as available-for-sale securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/20 X $125,000 $160,000 Y 100,000 95,000 Z 175,000 125,000 $400,000 $380,000 The amount of unrealized loss to appear as a component of comprehensive income for the year ending December 31, 2020 is

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On its December 31, 2019 balance sheet, Klugman Company appropriately reported a $10,000 debit balan...
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