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e securities, Beginning arities during the year e securities, Ending lable-for-sale securities,

e securities, Beginning arities during the year e securities, Ending lable-for-sale securities,

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data related to available-for sale securities for Aetna Corporation for the Year 2016 is provided below: Mark-to-market value of available-for-sale securities, Ending Amortized cost of available-for-sale securities, Beginning Purchases of available-for-sale securities during the year Amortized cost of available-for-sale securities, Ending $8,000 $1,200 $3,000 $1,550 Mark-to-market value of available-for-sale securities, Beginning $4,500 Additional information: No dividend revenue or interest revenue earned or received during the year. No securities were sold, and no securities were matured during the year. What would be the unrealized gain or loss for the year 2016? a. $500 Unrealized gain b. $1,300 Unrealized loss c. $2,150 Unrealized gain d. $1,800 Unrealized loss
Transcribed Image Text:Data related to available-for sale securities for Aetna Corporation for the Year 2016 is provided below: Mark-to-market value of available-for-sale securities, Ending Amortized cost of available-for-sale securities, Beginning Purchases of available-for-sale securities during the year Amortized cost of available-for-sale securities, Ending $8,000 $1,200 $3,000 $1,550 Mark-to-market value of available-for-sale securities, Beginning $4,500 Additional information: No dividend revenue or interest revenue earned or received during the year. No securities were sold, and no securities were matured during the year. What would be the unrealized gain or loss for the year 2016? a. $500 Unrealized gain b. $1,300 Unrealized loss c. $2,150 Unrealized gain d. $1,800 Unrealized loss
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