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On its December 31, 2010 balance sheet, Calhoun Company reported a 10,000 debit balance in...

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Accounting

On its December 31, 2010 balance sheet, Calhoun Company reported a 10,000 debit balance in its Securities FV Allowance - FVTOCI account (pro-asset). There was no change in 2011 in the composition of Calhoun's FVTOCI investments held. The following information pertains to that portfolio:

Security Cost FV - 12/31/11

X 125,000 160,000

Y 100,000 95,000

Z 175,000 125,000

The amount loss reported as a component of comprehensive income for the year ending December 31, 2011 is: A. 30,000. B. 20,000. C. 10,000. D. 0.

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