Use the following information for questions 93 and 94.
On its December 31, 2014 balance sheet, Calhoun Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment (available-for-sale) account. There was no change during 2015 in the composition of Calhoun's portfolio of equity investments held as available-for-sale securities. The following information pertains to that portfolio:
-The amount of unrealized loss to appear as a component of comprehensive income for the year ending December 31, 2015 is

Question

Use the following information for questions 93 and 94.
On its December 31, 2014 balance sheet, Calhoun Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment (available-for-sale) account. There was no change during 2015 in the composition of Calhoun's portfolio of equity investments held as available-for-sale securities. The following information pertains to that portfolio: 
-The amount of unrealized loss to appear as a component of comprehensive income for the year ending December 31, 2015 is

Quizplus · Accepted Answer

Unrealized losses on available-for-sale securities are reported as a component of other comprehensive income. The amount of $35,000 is the unrealized loss that should be reported.

Use the Following Information for Questions 93 and 94