n January $1,20$X$1,$ Ross Corporation issued bonds with a maturity value of $$200,000$; the bond's stated rate of interest equaled the market interest rate on the issue date. On December $31,20$ XI $1,$ the market value of the

onds was $$188,926$; on December $31,202,$ the market value of the bonds wos $$191,325.$ Which of the following correctly describes Ross Corporation's financlal reporting if Ross elects to measure the bond libality using

falir value accounting option?

Multiple Cholce

For the year ending December $31,20$X$1,$ Ross will report an unrealized holding loss of $$11\mathrm{.}074$ in iss income statement.

For the year ending December $31,20$X$2,$ Ross will report an unrealized holding loss of $$2\mathrm{.}399$ in its income statement.

For the year ending December $31,20\backslash$times $2,$ Ross will report an unrealized holding loss of $$8,675$ in its income statement.

For the year ending December $31,202$ Ross will report an unrealized holding gain of $$8\mathrm{.}675$ in its income statement.