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Novi purchased ABC bonds on 1/1/21. Data regarding these available-for-sale securities follow: Cost MV December 31, 2021 $150,000 $130,000 December 31, 2022 150,000 161,000 December
Novi purchased ABC bonds on 1/1/21. Data regarding these available-for-sale securities follow:
|
|
Cost |
MV |
| December 31, 2021 | $150,000 | $130,000 |
| December 31, 2022 | 150,000 | 161,000 |
| December 31, 2023 | 150,000 | 155,000 |
On 1/1/24, Novi sold $40,000 (cost) of the securities for $40,100. Market Value of the remaining securities at 12/31/24 was $108,000.
The net amount of Unrecognized Gain or Loss to appear in the Other Comprehensive Income section of the 2024 Comprehensive Income Statement is:
Select one:
a. $7,000
b. $2,000
c. $3,000
d. $2,100
e. $3,100
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