Coronado Corporation has elected to use the fair value option for one of its notes payable. The

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Coronado Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of

12 %

and has a carrying value of $

13, 000 .

At year

-

end, Coronado

s borrowing rate

(

credit risk

)

has declined; the fair value of the note payable is now $

14, 600 .

(

)

Determine the unrealized holding gain or loss on the note.

(

Enter loss using either a negative sign preceding the number e

.

. - 2, 945

or parentheses e

.

. (2, 945) .)

Unrealized holding gain or loss $enter the unrealized holding gain or loss in dollars

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Posted Date: May 14, 2024 02:34 AM

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Coronado Corporation has elected to use the fair value option for one of its notes payable. The

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