On January 1, 2018, Everglade Company purchased the following debt securities and properly accounted for them as securities available for sale:
All declines in value are considered temporary. What amount should the Everglade Company report relative to these securities in its 2018 statement of other comprehensive income?
A) $0.
B) $19,000 unrealized holding gain.
C) $12,000 net unrealized holding gain.
D) $7,000 unrealized holding loss.
Correct Answer:
Verified
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