Increase in fair value of the investments

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Reference no: EM13150174

On its December 31, 2006, balance sheet, Quinn Co. reported its investment in available-for-sale securities, which had cost $600,000, at fair value of $550,000. At December 31, 2007, the fair value of the securities was $585,000. What should Quinn report on its 2007 income statement as a result of the increase in fair value of the investments in 2007?

A) $0.

B) Unrealized loss of $15,000.

C) Realized gain of $35,000.

D) Unrealized gain of $35,000.

Reference no: EM13150174

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