Question - Company has the following investments which were held throughout 2014-2015:
|
Cost
|
Fair Value
|
12/31/14
|
12/31/15
|
Trading
|
$600,000
|
$800,000
|
$760,000
|
Available-for-sale
|
600,000
|
640,000
|
720,000
|
What amount of gain or loss would Company report in its income statement for the year ended December 31, 2015 related to its investments?
What amount would be reported as accumulated other comprehensive income related to investments in Instrument Company's balance sheet at December 31, 2014?