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ACCOUNTING FOR MARKETABLE SECURITIES: As of December 31, 2018, Company A has the following investments in marketable securities: Acquisition Cost December 31, 2018 Market Value
ACCOUNTING FOR MARKETABLE SECURITIES: As of December 31, 2018, Company A has the following investments in marketable securities: Acquisition Cost December 31, 2018 Market Value Trading Portfolio - Company B Common Stock $110,000 $108,000 Available for Sale Portfolio - Company C Common Stock $355,000 $357,000 Hold-To-Maturity Portfolio - Company D Debentures $500,000 $495,000 Additional Information: All three investments were purchased during 2018. During 2019, Company A sold its investment in Company B for $109,000 and its investment in Company C for $356,000. As of December, 2019, the market value of the investments in Company D Debentures was $501,000. Calculate the following and be sure to identify whether a gain or loss): |A. Holding gain/loss recognized in the income statement in 2018 B. Holding gain/loss recognized in other comprehensive income in 2018 C. Holding gain/loss recognized in the income statement in 2019 D. Holding gain/loss recognized in other comprehensive income in 2019 E. Balance of accumulated other comprehensive income as of December 31, 2019
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