Question: The following data pertain to Tyne Company's investments in marketable equity securities. (Assume that all securities were held throughout 2014 and 2015.)
Fair Value
Cost 12/31/15 12/31/14
Trading $150,000 $155,000 $100,000
Available for sale 150,000 130,000 120,000
Required: 1. What amount should Tyne report as unrealized holding gain (loss) in its 2015 income statement?
2. What amount should Tyne report as net unrealized gain (loss) on available-for-sale securities at December 31, 2015, in its statement of stockholders' equity? Ignore tax effects.