Question the following data pertain to tyne companys, Ask an Expert

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Question: The following data pertain to Tyne Company's investments in marketable equity securities. (Assume that all securities were held throughout 2014 and 2015.)

Fair Value

Cost 12/31/15 12/31/14

Trading $150,000 $155,000 $100,000

Available for sale 150,000 130,000 120,000

Required: 1. What amount should Tyne report as unrealized holding gain (loss) in its 2015 income statement?

2. What amount should Tyne report as net unrealized gain (loss) on available-for-sale securities at December 31, 2015, in its statement of stockholders' equity? Ignore tax effects.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92600830

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