losses LO P3 [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-sale Securities Company A bonds Company B notes Company C bonds Cost $533,900 159,350 Fair Value $492,000 151,000 663,800 646,440 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,370. July 6 Purchased Company X bonds for $124,800. November 13 Purchased Company Z notes for $267,400. December 9 Sold all of the Company A bonds for $519,400. Fair values at December 31 are B. $82,200; C, $604,900; x, $115,000; and Z, $277,000. Problem 15-3A (Algo) Part 3 3. What amount of gains or losses on transactions relating to long-term investments in available-for-sale debt securities does Stoll report on its income statement for this year? < Prev 6 Asp of 10 Next >