Question: 2) JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT SECURITY: YEAR ONE PURCHASE PRICE 6,000 12/31/01 FMV 7,900 SOLD MARCH 15TH YEAR

2) JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT SECURITY:

YEAR ONE PURCHASE PRICE 6,000

12/31/01 FMV 7,900

SOLD MARCH 15TH YEAR TWO 8,300

a. WHAT IS THE CARRYING VALUE OF THE INVESTMENT ON JANUARY 1ST, YEAR 02? (1 POINTS)

b. WHAT IS THE DEBIT TO OCI WHEN SOLD ON MARCH 15TH YEAR 02? (1 POINTS)

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