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In its 2018 annual report to shareholders, Kirby Inc. included the following disclosure regarding its available for sale investments in securities: December 31 2018 2017
In its 2018 annual report to shareholders, Kirby Inc. included the following disclosure regarding its available for sale investments in securities:
December 31 | ||||||||
2018 | 2017 | 2016 | ||||||
In thousands | ||||||||
Accumulated other comprehensive income | ||||||||
Unrealized holding gains (losses) on securities: | ||||||||
Balance at beginning of year | (7,535 | ) | (6,864 | ) | ||||
Unrealized holding gains (losses) for the year | 1,511 | (3,566 | ) | (673 | ) | |||
Unrealized holding losses recognized in NI. | 11,101 | |||||||
Balance at end of year | 1,511 | (7,537 | ) | |||||
Required: Prepare the journal entry (in thousands) that Kirby made at the end of 2018 to record unrealized holding gains arising during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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