Ivanhoe Company in its first year of operations provides the followi - Ivanhoe Company in its first year of operations provides the following

Ivanhoe Company in its first year of operations provides the followi

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Ivanhoe Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020. Amortized cost $51100Fair value 42200 Expected credit losses 12600 What is the amount of the credit loss that Ivanhoe should report on this available-for-sale security at December 31, 2020? Prepare thejournal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No

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