Find the company will recognize in financial statements

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Problem 1: A company has a portfolio of investments classified as "for trading". As of December 31, 2020, the amortized cost of the portfolio was $ 190,550. On that same date, the market value of the portfolio was $ 186,490. The company will recognize in its 2020 financial statements:

a. An unrealized loss of $ 4,060 on the Income Statement
b. An unrealized loss of $ 4,060 on the "Statement of comprehensive income"
c. A credit balance of Fair value adjustment in the Balance Sheet
d. Alternatives "a" and "c" are correct.

Reference no: EM132744747

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