Angular Co.purchased the following portfolio of available-for-sale securities during 2014 and reported the following balances at December 31,2014.No sales occurred during 2014.All declines are considered to be temporary. 
Angular Co.should report what amount related to the securities transactions in its 2014 income statement?
A) $0
B) $2,000 unrealized loss
C) $10,000 unrealized loss
D) $12,000 unrealized loss
Correct Answer:
Verified
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