Question: Please help me with this question JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT SECURITY: YEAR ONE PURCHASE PRICE 4,100 12/31 YEAR

Please help me with this question JOHNSON HAS THE FOLLOWING DATA

Please help me with this question

JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT SECURITY: YEAR ONE PURCHASE PRICE 4,100 12/31 YEAR ONE FAIR MARKET VALUE 5,300 YEAR TWO SALES PRICE 6,000 REQUIRED: WHAT IS THE AMOUNT OF THE DEBIT ENTRY TO OCI WHEN THE INSTRUMENT IS SOLD IN YEAR TWO? REQUIRED: WHAT IS THE AMOUNT OF RECOGNIZED GAIN ON THE INCOME STATEMENT WHEN THE INSTRUMENT IS SOLD IN YEAR TWO? JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT SECURITY: YEAR ONE PURCHASE PRICE 4,100 12/31 YEAR ONE FAIR MARKET VALUE 5,300 YEAR TWO SALES PRICE 6,000 REQUIRED: WHAT IS THE AMOUNT OF THE DEBIT ENTRY TO OCI WHEN THE INSTRUMENT IS SOLD IN YEAR TWO? REQUIRED: WHAT IS THE AMOUNT OF RECOGNIZED GAIN ON THE INCOME STATEMENT WHEN THE INSTRUMENT IS SOLD IN YEAR TWO

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