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What is the Unrealized Gain or Loss to be reported

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Question - On its December 31, 2021 balance sheet, Calhoun Company appropriately reported a $20,000 credit balance in its Fair Value Adjustment (available-for-sale) account. There was no change during 2022 in the composition of Calhoun's portfolio of equity investments. The following information pertains to that portfolio:

Security

Cost

Fair value at 12/31/22

X

$160,000

$125,000

Y

90,000

100,000

Z

125,000

175,000

 

$375,000

$400,000

What is the Unrealized Gain or Loss to be reported on the 2022 Comprehensive Income Statement?

a. $35,000

b. $25,000

c. $15,000

d. $10,000

e. $45,000

Reference no: EM132598107

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