At December 31, 2014, the trading securities for Blue Bell, Inc. are as follow F

Question

At December 31, 2014, the trading securities for Blue Bell, Inc. are as follow

                                                                            Fair Value

Security                               Cost                         12/31/14

X-tra                                 $  90,000                     $  92,000

Yeti                                    150,000                       142,000

Zeta                                     30,000                         28,000

Blue Bell should report the following amount related to the securities transactions in its 2014 income statement

Answer

$2,000 gain.

$8,000 realized loss.

$8,000 unrealized loss.

$10,000 unrealized loss.

$2,000 gain.

$8,000 realized loss.

$8,000 unrealized loss.

$10,000 unrealized loss.

Explanation / Answer

$8,000 realized loss.

$8,000 realized loss.

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