Homework Answers
Option - C
Held for trading securities should be reported at fair value and any gain or loss should be recognised in income statement at the end of the year
Total cost of investments = 75000+42000+32000
= 149000
Total fair value = 80000 + 26000 + 30000
= 136000
Unrealized loss on investments
= Total cost of investments - total fair value of investments
= 149000 - 136000
= 13000 $
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