I'm pretty sure it's Philadelphia and Denver
Where is it? Why is it there? What are the consequences of its being there?
Answer: State and local governments.
Explanation:
State and local government are the bodies that makes regulations and law with public authority towards the town, districts and cities of America.This government has the authority for general welfare maintenance,collecting tax, providing education,road and building making,handling domestic affairs etc.
According to the question State and local government has the right to make law for health care programs, domestic acts, marriage and annulment related law etc.
Realized gains or losses on available for sale debt investments represent the difference between the selling price and the equity basis of the stock.
Investments will always result in gains and losses. Every investor looks for profits.
When the asset's current value exceeds what an investor paid for it, a gain has occurred. Contrarily, a loss indicates that the price has decreased after the investment was made.
Contrary to trading investments, an AFS asset's gains and losses are not included in net income; instead, they are reported under the other comprehensive income (OCI) classification until the security is sold. On the income statement, net income is shown.
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