3) Cairo Corporation purchased the following debt securities during 2021 and properly classified them as...

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Accounting

3) Cairo Corporation purchased the following debt securities during 2021 and properly classified them as Available for Sale securities:
Security Cost Fair Value 12/31/2021
A $40,000 $49,000
B $70,000 $66,000
C $28,000 $39,000
Cairo did not own any other securities. How much of an unrealized gain/(loss) will be reported by Cairo Corporation in the December 31,2021 income statement related to the investments?
a) $ 16,000. b) $ 20,000.
c) $ 0. d) d)(4,000).

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