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28 Nov 2020
USA National Bank, the nationwide banking company, owns many types of investments. Assume that USA National Bank paid $650000 for trading securities on December 5. Two weeks later, USA National Bank received a $45000 dividend. On December 31, these trading securities were quoted at a market price of $655000. USA National Bank's December income statement would include:
a. unrealized loss of $5000.
b. unrealized gain of $5000.
c. unrealized gain of $50000.
d. unrealized loss of $3000.
USA National Bank, the nationwide banking company, owns many types of investments. Assume that USA National Bank paid $650000 for trading securities on December 5. Two weeks later, USA National Bank received a $45000 dividend. On December 31, these trading securities were quoted at a market price of $655000. USA National Bank's December income statement would include:
a. unrealized loss of $5000.
b. unrealized gain of $5000.
c. unrealized gain of $50000.
d. unrealized loss of $3000.
Joshua StredderLv10
27 Jan 2021