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Consider the following two separate events for a company during the year: 1. Loss on...

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Accounting

Consider the following two separate events for a company during the year:

1. Loss on sale of investments = $20. 2. Unrealized gain on investment from increase in fair value = $30. The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events affect the balance of retained earnings, ignoring tax effects?

Multiple Choice

  • Decrease of $20.

  • Increase of $10.

  • Increase of $30.

  • Decrease of $10.

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