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A company buys ten shares of securities (common stock)at $1,000 each on January 15, year 1. The securities are classified as available-for-sale. The fair value
A company buys ten shares of securities (common stock)at $1,000 each on January 15, year 1. The securities are classified as available-for-sale. The fair value of the securities increases to $1,250 per share as of December 31, year 1.Assume no dividends are paid and that the company has a 30% tax rate on profits. What is the amount of the holding gain arising during the period after taxes that is classified in other comprehensive income for the period ending December 31, year 1?
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