The following data pertain to Tyne Company's investments in marketable equity securities. (Assume that all...
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The following data pertain to Tyne Company's investments in marketable equity securities. (Assume that all securities were held throughout 20X0 and 20X1.) Fair value Cost 12/31/X1 12/31/10 $ 150,000 $ 155,000 $ 100,000 150,000 130,000 120,000 Alpha Co. Beta Co. Required: 1. What amount should Tyne report as unrealized holding gain (loss) in its 20X1 income statement? 2. If Tyne were to sell its Alpha Co. investment in 20x2 for $157,000, what amount of gain or loss would it report on the sale in that year? X Answer is complete but not entirely correct. Amount Gain/Loss 1. Unrealized holding gain (loss) Realized gain (loss) $ 55,000 gain $ 20,000 X gain 2
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