The following data pertain to Tyne Company's investments in marketable equity securities. (Assume that all securities were
Question:
______________________________________Fair Value
Cost 12/31/20 12/31/19
Alpha Co............$150,000..........$155,000................$100,000
Beta Co...............150,000............130,000..................120,000
Required:
1. What amount should Tyne report as unrealized holding gain (loss) in its 2020 income statement?
2. What amount should Tyne report as net unrealized gain (loss) on available-for-sale securities at December 31, 2020, in its statement of stockholders' equity? Ignore tax effects.
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Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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