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What amount of gain or loss would company report

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Reference no: EM132067644

Question - Company has the following investments which were held throughout 2014-2015:

 

Cost

Fair Value

12/31/14

12/31/15

Trading

$600,000

$800,000

$760,000

Available-for-sale

600,000

640,000

720,000

What amount of gain or loss would Company report in its income statement for the year ended December 31, 2015 related to its investments?

What amount would be reported as accumulated other comprehensive income related to investments in Instrument Company's balance sheet at December 31, 2014?

Reference no: EM132067644

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