A nonprofit hospital purchased an equity security for $150,000 on September 2018.

When it prepared its 2018 financial statements, the security had a fair value of

$145,000. It sold the security for $160,000 in 2019.

How would the sale of the security in 2019 be reported by the nonprofit hospital in its

2019 statement of operations?

A. As a realized gain of $5,000 included in excess of revenues over expenses

B. As a realized gain of $160,000 included in excess of revenues over expenses

C. As a realized gain of $10,000 included in excess of revenues over expenses and as an increase in net unrealized gains and losses on investments of $5,000 after excess of revenues over expenses.

D. As a realized gain of $15,000 included in excess of revenues over expenses