On December 31, 2014, Dunston Co. has the following investments that are classified as available-for-sale securities:
|
Investments |
Cost |
Fair Value |
|
Shawon Co. |
$40,000 |
$35,000 |
|
Cihla Co. |
38,000 |
39,000 |
The amount of the unrealized gain or loss would be reported on the income statement as a:
a. $5,000 unrealized loss.
b. $4,000 unrealized loss.
c. $1,000 unrealized gain.
d. No unrealized loss or gain is reported on the income statement.