Cowgirl Capital reported that following items related to equity investments for the year: Based on these investments,what amounts will be reported in Net Income? What amount will be reported in Other Comprehensive Income?

Question

Cowgirl Capital reported that following items related to equity investments for the year:  Based on these investments,what amounts will be reported in Net Income? What amount will be reported in Other Comprehensive Income?

Quizplus · Accepted Answer

The net unrealized loss on the equity investments is $9,000, which will be reported as a loss in net income. The unrealized gain on the equity investments is $7,500, which will be reported in other comprehensive income.

Cowgirl Capital Reported That Following Items Related to Equity Investments