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Business, 11.02.2020 18:09 gibbss80stu

At the beginning of Year 2, a company invested $40,000 in a debt security. At that time the security was appropriately classified as an available-for-sale security. At the end of Year 2, the security had a fair value of $28,500. The change in fair value is not due to credit losses. How should this change in fair value be reported in the financial statements?

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