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Available-for-Sale Securities At the beginning of 2013, Ace Company had the following portfolio of investments in available-for-sale securities (common stock): Security Cost 12/31/12 Fair Value
Available-for-Sale Securities
At the beginning of 2013, Ace Company had the following portfolio of investments in available-for-sale securities (common stock):
Security | Cost | 12/31/12 Fair Value |
A | $21,900 | $27,900 |
B | 34,000 | 31,500 |
Totals | $55,900 | $59,400 |
During 2013 the following transactions occurred:
May 3 | Purchased C securities (common stock) for $15,600. |
July 16 | Sold all of the A securities for $27,900. |
Dec. 31 | Received dividends of $700 on the B and C securities, for which the following information was available: |
Security | 12/31/13 Fair Value |
B | $35,700 |
C | 17,600 |
I just cannot figure out one part which is .....
What is the balance in the Unrealized Holding Gain/Loss account on December 31, 2013?
Please help!
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