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Using the equity securities tab, how much income (loss) related to equity securities (i.e. passive) was recognized on the income statement in 2019? Group of
Using the "equity securities" tab, how much income (loss) related to equity securities (i.e. passive) was recognized on the income statement in 2019?
Group of answer choices
$27m loss
$218m income
$27m income
$191m income
Equity Securities The carrying values of our equity securities were included in the following line items in our consolidated balance sheets (in millions): Fair Value with Changes Recognized in Income Measurement Alternative No Readily Determinable Fair Value 329 S 82 772 1,118 S 2,219 $ 82 December 31, 2019 Marketable securities Other investments Other assets Total equity securities December 31, 2018 Marketable securities Other investments Other assets Total equity securities $ 278 $ 787 869 80 S 1,934 $ 80 2019 2018 (250) The calculation of net unrealized gains and losses recognized during the year related to equity securities still held at the end of the year is as follows (in millions): Year Ended December 31, Net gains (losses) recognized during the year related to equity securities 218 $ Less: Net gains (losses) recognized during the year related to equity securities sold during the year 27 Net unrealized gains (losses) recognized during the year related to equity securities still held at the end of the year 191 $ 8 S (258) The sale and/or maturity of available-for-sale equity securities resulted in the following realized activity (in millions): Year Ended December 31, 2017 $ 61 Gross gains Gross losses Proceeds (19) 275Step by Step Solution
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