4. Kim Company's equity securities portfolio which is appropriately included in current assets is as...
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4. Kim Company's equity securities portfolio which is appropriately included in current assets is as follows: December 31, 2020 Fair Unrealized Cost Value Gain (Loss) Justin Corp $360,000 $415,000 $55,000 Hannah, Inc. 245,000 265,000 20,000 $605,000 $680,000 $75,000 Ignoring income taxes, what amount should be reported as a charge against income in Kim's 2020 income statement if 2020 is Kramer's first year of operation? a. $55,000 gain b. $55,000 loss. c. $75,000 gain. d. $75,000 loss
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