The following data pertains to Tyne Co.'s investments in marketable equity securities: What amount should Tyne report

Question:

The following data pertains to Tyne Co.'s investments in marketable equity securities:

Market Value 12/31/Y1 12/31/Y2 Cost Trading Available-for-sale $155,000 $150,000 $100,000 120,000 130,000 150,000

What amount should Tyne report as net unrealized loss on available-for-sale marketable equity securities at December 31, year 2, in accumulated other comprehensive income on the balance sheet?

a. $0

b. $10,000

c. $15,000

d. $20,000

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Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Jul 19, 2016 05:52 AM

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The following data pertains to Tyne Co.'s investments in marketable equity securities: What amount should Tyne report

Question:

Market Value 12/31/Y1 12/31/Y2 Cost Trading Available-for-sale $155,000 $150,000 $100,000 120,000 130,000 150,000

Step by Step Answer:

Choice d is correct The cost of availableforsa...View the full answer

Intermediate Accounting

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