Information regarding Stone Co.’s portfolio of FVOCI securities is as follows:
Aggregate cost as of 12/31/03 170,000
Unrealized gains as of 12/31/03 4,000

Unrealized losses as of 12/31/03 26,000
Net realized gains during 2003 30,000
At December 31, 2002, Stone reported an unrealized loss of ₱1,500 in other comprehensive income to reduce these securities to market. Under the accumulated other comprehensive income in stockholders’ equity section of its December 31, 2003 balance sheet, what amount should Stone report?

Answer rating: 100% (QA)

Unrealized losses as of 123103 to be reported und... View the full answer