Question
3. The following is about Tony Company's short-term equity investments acquired in year 2020. How much unrealized holding gain/loss, if any, should be included in
3. The following is about Tony Company's short-term equity investments acquired in year 2020. How much unrealized holding gain/loss, if any, should be included in its 2020 net income?
Security Cost MV on 12/31/2020
A $20,000 $18,000
B $40,000 $30,000
C $90,000 $93,000
Totals $150,000 $141,000
A. $0
B. $3,000
C. -$9,000
D. None
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
