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On January 1, 2016, Everglade Company purchased the following securities and properly accounted for them as securities available for sale: Security Cost Fair value on

On January 1, 2016, Everglade Company purchased the following securities and properly accounted for them as securities available for sale:

Security Cost Fair value on 12/31/2016
ABC $40,000 $55,000
DEF 72,000 65,000
XYZ 16,000 20,000

All declines in value are considered temporary. What amount should the Everglade Company report relative to these securities in its 2016 statement of other comprehensive income?

$0.

$19,000 unrealized gain.

$12,000 net unrealized gain.

$7,000 unrealized loss.

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