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Quinn report as a result of increase in fair value of investments

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Are Unrealized or realized gain/losses from changes in fair market value for available for sale securities supposed to be reported in the income statement?

24. On its December 31, 2006, balance sheet, Quinn Co. reported its investment in available-for-sale securities, which had cost $600,000, at fair value of $550,000. At December 31, 2007, the fair value of the securities was $585,000. What should Quinn report on its 2007 income statement as a result of the increase in fair value of the investments in 2007?

A) $0.
B) Unrealized loss of $15,000.
C) Realized gain of $35,000.
D) Unrealized gain of $35,000.

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The expert examines Quinn report as a result of the increase in fair value of investments.

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24.On its December 31, 2006, balance sheet, Quinn Co. reported its investment in available-for-sale securities, which had cost $600,000, at fair value of $550,000. ...

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