Current Attempt in Progress On its December 31, 2024 balance sheet, Sunland Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Sunland's portfolio of debt investments held as available- for-sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/25 X $112000 $130000 Y 88000 84000 Z 157000 101000 $357000 $315000 What amount of unrealized loss on these debt securities should be included in Sunland's stockholders' equity section of the balance sheet at December 31, 2025? O $14000 O $42000 O $0 O $52000
Current Attempt in Progress On its December 31, 2024 balance sheet, Sunland Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2025 in the composition of Sunland's portfolio of debt investments held as available- for-sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/25 X $112000 $130000 Y 88000 84000 Z 157000 101000 $357000 $315000 What amount of unrealized loss on these debt securities should be included in Sunland's stockholders' equity section of the balance sheet at December 31, 2025? O $14000 O $42000 O $0 O $52000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 7RE: Refer to the information in RE13-5. Assume that on December 31, 2019, the investment in Smith...
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![Current Attempt in Progress
On its December 31, 2024 balance sheet, Sunland Company appropriately reported a $10,000 debit balance in its Fair Value
Adjustment account. There was no change during 2025 in the composition of Sunland's portfolio of debt investments held as available-
for-sale debt securities. The following information pertains to that portfolio:
Security
Cost
Fair value at 12/31/25
X
$112000
$130000
Y
88000
84000
Z
157000
101000
$357000
$315000
What amount of unrealized loss on these debt securities should be included in Sunland's stockholders' equity section of the balance
sheet at December 31, 2025?
O $14000
O $42000
O $0
O $52000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d1ba4fe-8bd3-4bf7-80d4-8165644aae60%2F0ea84394-bf41-4dab-a910-fa88099c11ec%2F2631zg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
On its December 31, 2024 balance sheet, Sunland Company appropriately reported a $10,000 debit balance in its Fair Value
Adjustment account. There was no change during 2025 in the composition of Sunland's portfolio of debt investments held as available-
for-sale debt securities. The following information pertains to that portfolio:
Security
Cost
Fair value at 12/31/25
X
$112000
$130000
Y
88000
84000
Z
157000
101000
$357000
$315000
What amount of unrealized loss on these debt securities should be included in Sunland's stockholders' equity section of the balance
sheet at December 31, 2025?
O $14000
O $42000
O $0
O $52000
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