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In: AccountingUse the following information forparts A through C.On its December 31, 2007 balance sheet,...Use the following information forparts A through C.On its December 31, 2007 balance sheet, Klugman Companyappropriately reported a $10,000 debit balance in its SecuritiesFair Value Adjustment (Available-for-Sale) account. There was nochange during 2008 in the composition of Klugman’s portfolio ofmarketable equity securities held as available-for-sale securities.The following information pertains to that portfolio: Security Cost Fair value at 12/31/08 X $125,000 $160,000 Y 100,000 95,000 Z 175,000 125,000 $400,000 $380,000A. The Journal entry requiredto properly record the AFS ( Available for sale) securities at12/31/2017. What would be the securities fair value adjustmentaccount ?a. $30,000.b. $20,000.c. $10,000.d. $0.B. The amount of unrealized loss toappear as a component of comprehensive income for the year endingDecember 31, 2008 isa. $30,000.b. $20,000.c. $10,000.d. $0.C. The only item that impacts the AOCI for Klugman isAFS debt investment. What is the balance in the AOCI account as of12/31/2017?a. $30,000.b. $20,000.c. $10,000.d. $0.