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On its December 31, 2024, balance sheet, Crane Company reported its investment in equity securities, which cost $840000, at fair value of $738000. At December
On its December 31, 2024, balance sheet, Crane Company reported its investment in equity securities, which cost $840000, at fair value of $738000. At December 31, 2025, the fair value of the securities was $784000. What should Crane report on its 2025 income statement as a result of the increase in fair value of the investments in 2025?
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Unrealized loss of $56000
Unrealized gain of $46000
Realized gain of $46000
$0
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