On December 31, 2010, available-for-sale securities with an original cost of $100,000 have a market value of $110,000. On January 11, 2011, the available-for-sale securities are sold for $130,000. Determine the gains or losses in 2010 and 2011 associated with these securities that must be reported on the income statements. Indicate whether the gains or losses are realized or unrealized.

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The Answer of On December 31, 2010, available-for-sale securities with an original cost of $100,000 have a market value of $110,000. On January 11, 2011, the available-for-sale securities are sold for $130,000. Determine the gains or losses in 2010 and 2011 associated with these securities that must be reported on the income statements. Indicate whether the gains or losses are realized or unrealized.

On December 31, 2010, Available-For-Sale Securities with an Original Cost