Beresford Inc. purchased several investments in debt securities during 2018, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.
- What total unrealized holding gain would Beresford report in its 2019 income statement relative to its investments in debt securities?

Question

Beresford Inc. purchased several investments in debt securities during 2018, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.  
- What total unrealized holding gain would Beresford report in its 2019 income statement relative to its investments in debt securities?

Quizplus · Accepted Answer

This is the difference between the fair value of trading securities at 12/31/2019 and at 12/31/2018.