Business, 23.10.2021 04:20 statonglenda

As of 12/31/20, XYZ Inc. had available-for-sale debt investments with a fair value of $505,000, an amortized cost of $542,000, and a debit balance in the Fair Value Adjustment - Available for Sale Debt Investments account of $7,200. What is the amount of gain or loss reported by XYZ related to these available-for-sale debt investments and how should it be reported?

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As of 12/31/20, XYZ Inc. had available-for-sale debt investments with a fair value of $505,000, an a...

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