Solution-What amount of unrealized holding gain or loss

What amount of unrealized holding gain or loss

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Question - ABC Company, a calendar-year company, holding the following securities.

Category	Acquisition Date	Acquisition cost	Fair value on Dec. 31, 2015	Fair value on Dec.31, 2006	Is the declining Temporary?
Trading	Jan. 1, 2004	$ 1,000.00	$ 1,200.00	$ 800.00	No
Available for sale	Jan. 1, 2004	$ 1,000.00	$ 1,200.00	$ 800.00	Yes
Held to Maturity	Jan. 1, 2004	$ 1,000.00	$ 1,200.00	$ 800.00	No

A: What amount should ABC Company report as unrealized holding gain or loss on December 31, 2006 in accumulated other comprehensive income on balance sheet?

B: What amount of unrealized holding gain or loss should ABC Company include in net income for the year ended December 31, 2006?

C: What amount of impairment loss should ABC Company include in net income for the year ended December 31, 2006?

Reference no: EM132078950

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What amount of unrealized holding gain or loss

Reference no: EM132078950

Reference no: EM132078950

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