ABC purchased the following debt security in with the purpose of resale in the near future:
Description Cost Amortized Cost
FMV
Amortized Cost
FMV
yr bonds
X Corp.
$ $ $ $ $
Determine the unrealized holding gain loss to be reported in other comprehensive income.
A $
B $
C $
D $
E$
Determine the unrealized holding gain loss to be reported in earnings.
A $
B$
C$
D $
E $
F $
The unrealized holding gain loss from should be reported on the statement of cash flows
indirect method
A As an addition to net income in determining CFO
B As a subtraction to net income in determining CFO
C As an addition to CFI
D As a subtraction to CFI
E None of the above Answer E A B
