Items 1 and 2 are based on the following:
The following data pertains to Tyne Co.’s investments in marketable equity securities:
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|
Market value |
|||
|
Cost |
12/31/06 |
12/31/05 |
|
|
Trading |
$150,000 |
$155,000 |
$100,000 |
|
Available-for-sale |
150,000 |
130,000 |
120,000 |
What amount should Tyne report as unrealized holding gain in its 2006 income statement?
- $50,000
- $55,000
- $60,000
- $65,000
What amount should Tyne report as net unrealized loss on marketable equity securities at December 31, 2006, in accumulated other comprehensive income in stockholders’ equity?
- $0
- $10,000
- $15,000
- $20,000