Your answer is correct.

Show the balance sheet presentation at December $31,2022,$ after adjustment to fair value.

Pharoah, Inc.

$($Partial$)$ Balance Sheet

Debt Investments

$

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List of Accounts

Attempts: $1$ of $3$ used

$($b$2)$

Your answer is partially correct.

Show the income statement presentation at December $31,2022,$ after adjustment to fair value.

Pharoah, Inc.

Income Statement

Other Expenses and Losses

Unrealized Loss on Available$-$for$-$Sale Securities

$

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List of AccountsShow Attempt History

Current Attempt in Progress

At December $31,2022,$ the trading debt securities for Pharoah, Inc. are as follows.

$($a$)$

Your answer is correct.

Prepare the adjusting entry at December $31,2022,$ to report the securities at fair value. $($Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts.$)$

$($b$1)$

Your answer is correct.

Show the balance sheet presentation at December $31,2022,$ after adjustment to fair value.

$($b$2)$

Your answer is partially correct.

Show the income statement presentation at December $31,2022,$ after adjustment to fair value.