On its December 31, 2015, balance sheet, Trump Co. reported its investment in available-for-sale securities,...
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Accounting
On its December 31, 2015, balance sheet, Trump Co. reported its investment in available-for-sale securities, which had cost $600,000, at fair value of $550,000. At December 31, 2016, the fair value of the securities was $585,000. What should Trump report on its 2016 income statement as a result of the increase in fair value of the investments in 2016?
a. $0.
b. Unrealized loss of $15,000.
c. Realized gain of $35,000.
d. Unrealized gain of $35,000.
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