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How much is the unrealized gain recognized on december

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Problem 1: On January 1, 20x1, Allan Co. purchased ?400,000 bonds for ?392,000. The bonds mature on  January 1, 20x5 and pay 12% annual interest beginning January 1, 20x2. Transaction costs are  negligible. The bonds were classified as held for trading securities. On December 31, 20x1, the  bonds are selling at a yield rate of 10%. How much is the unrealized gain (loss) recognized on  December 31, 20x1?

a. 27,986
b. 31,298
c. 28,964
d. 33,359

Reference no: EM132730878

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