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Carlos was born with cataracts in both eyes,which were removed when he was 5.However,because Carlos lacked visual experiences during early childhood,he most likely
Fair Value
The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties in an arm's length transaction.
Trading Securities
Financial securities purchased by a company, not intended for long-term investment but rather for making a profit in the near term from their sale or trade.
Unrealized Holding Loss
A decrease in the value of an investment that has not yet been sold for cash.
Income Statement
A financial report that shows a company's revenues, expenses, and net income over a specific period.
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