Business, 17.12.2020 18:00, jayden6467

Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security Cost Fair Value, 12/31/2021
A $40,000 $49,000
B 70,000 66,000
C 28,000 39,000

All declines are considered to be temporary. How much gain will be reported by Jeremiah Corporation in the December 31, 2021, income statement relative to the portfolio?

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Jeremiah Corporation purchased debt securities during 2021 and classified them as securities availab...