Question: Escanaba purchased five - year debt securities on 1 / 1 / 2 2 , which it classified as available - for - sale.At 1
Escanaba purchased fiveyear debt securities on which it classified as availableforsale.At the market value is lower than carrying value. How should Escanaba report the unrealized loss?Select one:a No reporting of the unrealized lossb. A component of Net Incomec. A component of Other Comprehensive Incomed. An adjustment to Retained Earnings
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