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What amount of unrealized holding gain or loss

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Question - ABC Company, a calendar-year company, holding the following securities.

Category

Acquisition Date

Acquisition cost

Fair value on Dec. 31, 2015

Fair value on Dec.31, 2006

Is the declining Temporary?

Trading

Jan. 1, 2004

$ 1,000.00

$ 1,200.00

$ 800.00

No

Available for sale

Jan. 1, 2004

$ 1,000.00

$ 1,200.00

$ 800.00

Yes

Held to Maturity

Jan. 1, 2004

$ 1,000.00

$ 1,200.00

$ 800.00

No

A: What amount should ABC Company report as unrealized holding gain or loss on December 31, 2006 in accumulated other comprehensive income on balance sheet?

B: What amount of unrealized holding gain or loss should ABC Company include in net income for the year ended December 31, 2006?

C: What amount of impairment loss should ABC Company include in net income for the year ended December 31, 2006?

Reference no: EM132078950

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