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6. Twit Company started operations in January 2010 and purchased equity securities in April for TL 140.000. The market value of the investment was TL121.000
6. Twit Company started operations in January 2010 and purchased equity securities in April for TL 140.000. The market value of the investment was TL121.000 at the end of 2010 and TL 155.000 at the end of 2011. Assuming that the portfolio is classified as trading securities, Twit Company will report in its income statement: a. All unrealized gains or losses relating to this portfolio are recognized in the balance sheet. b. A TL19.000 unrealized loss in 2010 and a TL34.000 unrealized gain in 2011. c. A TL19.000 unrealized loss in 2010 and a TL19.000 unrealized gain in 2011. d. No gains or losses of any kind are recognized until the securities are sold
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