FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At December 31, 2022, the held-for-collection and selling debt portfolio for Marin SA is as follows.
Investment
A
B
с
Total
Amortized Cost
€26,250
18,750
34,500
€79,500
Fair Value
€22,500
21,000
38,250
€81,750
Previous fair value adjustment balance-Dr.
Fair value adjustment-Dr.
Unrealized
Gain (Loss)
€(3,750 )
2,250
3,750
2,250
600
€1,650
On January 20, 2023, Marin SA sold security A for €22,650. The sale proceeds are net of brokerage fees.
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