Question
Votivo had the following securities that were acquired in Year X1: Security Type Classification Cost Fair Value at 12/31/X1 Fair Value at 12/31/X2 Stock A
Votivo had the following securities that were acquired in Year X1:
Security Type Classification | Cost | Fair Value at 12/31/X1 | Fair Value at 12/31/X2 |
Stock A | 12,000 | 9,000 | 10,200 |
Stock B | 5,500 | 7,500 | 7,000 |
Bond A (Trading Security) | 7,200 | 8,500 | 8,000 |
Bond B (Available for Sale) | 16,500 | 15,700 | 15,500 |
Bond C (Held to Maturity) | 6,600 | 10,575 | 11,350 |
Assume the investments in stock represent less than 20% control of the company. The reported value on the 12/31/X1 Balance Sheet will total?
Assume the investments in stock represent less than 20% control of the company. What is the amount of the unrealized gain (loss) recorded as Other Comprehensive Income in the 12/31/X1 Statement of Comprehensive Income?
Assume the investments in stock represent less than 20% control of the company. What is the amount of the unrealized gain (loss) recorded on the 12/31/X2 Income Statement?
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