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What amount of loss on these securities should jones include

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Question - Jones Company bought the securities listed below during 2017. These securities were classified as trading securities. On its December 31, 2017, income statement Jones reported a net unrealized loss of $8,000 on these securities. Pertinent data at the end of December 2018 are as follows:

Security

Cost

Fair Value 12/31/17

X

$240,000

$252,000

Y

180,000

160,000

Z

320,000

314,000

What amount of loss on these securities should Jones include in its income statement for the year ended December 31, 2018?

a. $6,000

b. $14,000

c. $5,000

d. $0

Reference no: EM132183452

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