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Business, 08.10.2019 01:20 beesbutterflyqueen

At the beginning of year 2, a company invested $40,000 in a debt security. at that time the security was appropriately classified as an available-for-sale security. at the end of year 2, the security had a fair value of $28,500. the change in fair value is deemed temporary. how should this change in fair value be reported in the financial statements?

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