The following data pertain to Tyne Companys investments in marketable equity securities. (Assume that all securities were
Question:
The following data pertain to Tyne Company’s investments in marketable equity securities.
(Assume that all securities were held throughout 2008 and 2009.)
Required:
1. What amount should Tyne report as unrealized holding gain (loss) in its 2009 income statement?
2. What amount should Tyne report as net unrealized gain (loss) on available-for-sale securities at December 31, 2009 in its statement of stockholders’ equity? Ignore tax effects.
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