Jeremiah Corporation purchased debt securities during 2018 and classified them as securities available for sale: 
All declines are considered to be temporary. How much gain will be reported by Jeremiah Corporation in the December 31, 2018, income statement relative to the portfolio?
A) $0.
B) $16,000
C) $20,000.
D) None of these answer choices are correct.
Correct Answer:
Verified
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