Question: Please explain. On its December 31, 2017 balance sheet, Dichev Co, reported its investment in available for sale securities, which had a cost of $360,000,

Please explain. On its December 31, 2017 balance sheet, Dichev Co,

Please explain.

On its December 31, 2017 balance sheet, Dichev Co, reported its investment in available for sale securities, which had a cost of $360,000, at fair value of $330,000. At December 31, 2018, the fair value of these securities was $385,000. What amount should Dichev report in 2018 net income as a result of the increase in fair value of the investments in 2018? $0. a Loss of $30,000. b. Gain of $25,000. d. Gain of $55,000. c

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