Sun Corp. had investments in trading debt securities costing $ 6 5 0 , 0 0 0
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Question:
Sun Corp. had investments in trading debt securities costing $ On June Year Sun decided to hold the investments indefinitely and accordingly reclassified them as availableforsale debt securities on that date. The investments fair value was
$ at December Year
$ at June Year and
$ at December Year
The decrease in the fair value of the securities is not due to credit losses.
What amount of loss should Sun report in its Year earnings?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: