Valley View Corporation reported that short-term investments consisted of the following (in millions).
Amortized Cost Fair Value
Short term investments---available for sale securities $528.3 $528.4
Short term investemets-trading securities 62.2 51.0
Total short term investments =$590.5 =579.4
Which of the following is true?
a. Valley View’s 2013 balance sheet includes short-term investments of $590.5 million.
b. Unrealized losses of $11.2 million on trading securities are included in 2013 income.
c. There are no net unrealized gains on available-for-sale securities.
d. Accumulated other comprehensive income included no unrealized gains or losses.
e. None of the above