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Business, 20.02.2020 04:57 skylarleannjone2751

Bloom now believes it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recover their fair value. Of the $400,000 decline in fair value, Bloom attributes $250,000 to credit losses, and $150,000 to noncredit losses. Record the entry to reclassify the unrealized loss recorded in the year 2020.

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