Use the DuBois Corporation data in question 2. The

( company reports changes in fair value through net income DuBois's income statement should report

a. unrealized gain of \(\$ 4,000\).

b. unrealized loss of \(\$ 4,000\)

c. investments of \(\$ 31,000\)

d. nothing because DuBois hasn't sold the investment.

Question 2

DuBois Corporation purchased a non-strategic investment (In 1,000 shares of Scotiabank (BNS) for \(\$ 31\) per share. On the next balance sheet date, BNS is quoted at \(\$ 35\) per share. DuBois's balance sheet should report

a. unrealized loss of \(\$ 4,000\)

b. unrealized gain of \(\$ 31,000\).

c. investments of \(\$ 31,000\).

d. investments of \(\$ 35,000\)