In: Accounting
The following data pertains to Traverse Co.’s investments in marketable debt securities:
Market value |
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Cost |
12/31/24 |
12/31/25 |
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Trading |
$150,000 |
$155,000 |
$145,000 |
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Available-for-sale |
150,000 |
130,000 |
110,000 |
What amount should Traverse Co. report as unrealized holding loss to be included in 2025 Net Income?
Select one:
a. $20,000
b. $55,000
c. $60,000
d. $10,000
e. $80,000