ABC purchased the following debt security in $2018$ with the purpose of resale in the near future:

Description Cost Amortized Cost

$12/31/18$

FMV

$12/31/18$

Amortized Cost

$12/31/19$

FMV

$12/31/19$

$5-$yr$.,5\%$ bonds $$

X Corp.

$$450,000$ $$458,000$ $$515,000$ $$469,000$ $$500,000$

$7.$ Determine the unrealized holding gain $($loss$)$ to be reported in $2018$ other comprehensive income.

A$.$ $$0$

B$.$ $$8,000$

C$.$ $$57,000$

D$.$ $$65,000$

E$.($$$8,000)$

$8.$ Determine the unrealized holding gain $($loss$)$ to be reported in $2019$ earnings.

A$.$ $$0$

B$.($$$26,000)$

C$.($$$15,000)$

D$.$ $$19,000$

E$.$ $$31,000$

F$.$ $$50,000$

$9.$ The unrealized holding gain $($loss$)$ from $2019$ should be reported on the statement of cash flows

$($indirect method$)$

A$.$ As an addition to net income in determining CFO

B$.$ As a subtraction to net income in determining CFO

C$.$ As an addition to CFI

D$.$ As a subtraction to CFI

E$.$ None of the above Answer E$,$ A$,$ B