Hobson Company bought the securities listed below during 2012. These securities were classified as trading securities. In its December 31, 2012, income statement Hobson reported a net unrealized loss of $13,000 on these securities. Pertinent data at the end of December 2013 is as follows: What amount of loss on these securities should Hobson include in its income statement for the year ended December 31, 2013?

Question

Hobson Company bought the securities listed below during 2012. These securities were classified as trading securities. In its December 31, 2012, income statement Hobson reported a net unrealized loss of $13,000 on these securities. Pertinent data at the end of December 2013 is as follows:  What amount of loss on these securities should Hobson include in its income statement for the year ended December 31, 2013?

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The Answer of Hobson Company bought the securities listed below during 2012. These securities were classified as trading securities. In its December 31, 2012, income statement Hobson reported a net unrealized loss of $13,000 on these securities. Pertinent data at the end of December 2013 is as follows:  What amount of loss on these securities should Hobson include in its income statement for the year ended December 31, 2013?

Hobson Company Bought the Securities Listed Below During 2012