Stone has provided the following information on its available-for-sale securities: Aggregate cost as of 12/31/14 $170,000 Unrealized

Question:

Stone has provided the following information on its available-for-sale securities:
Aggregate cost as of 12/31/14 $170,000
Unrealized gain as of 12/31/14 4,000
Unrealized losses as of 12/31/14 26,000
Net realized gains during 2014 30,000

Stone reported $1,500 in the contra-asset valuation account to reduce these securities to their fair value at December 31, 2013.

Required:
What amount should be debited as an unrealized loss to the stockholders’ equity section of Stone’s December 31, 2014, as a result of 2014 fair value changes related to its available-for-sale securities? (Ignore taxes.)

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...