Business, 22.04.2021 17:10 Kaesy24

Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Held-to-Maturity Securities: Fair Value
12/31/2020 Fair Value
12/31/2021 Amortized Cost
12/31/2020 Amortized Cost
12/31/2021
ABC Co. Bonds $385,000 $ 410,000 $377,500 $ 370,000
Trading Securities: Fair Value
12/31/2020 Fair Value
12/31/2021
Cost
DEF Co. Bonds $ 55,000 $ 66,000 $ 69,100
GEH Inc. Bonds $ 57,000 $ 83,000 $ 49,000
IJK Inc. Bonds $ 54,000 $ 48,500 $ 42,900
Available-for-Sale
Securities: Fair Value
12/31/2020 Fair Value
12/31/2021
Cost
LMN Co. Bonds $ 147,400 $ 161,900 $ 150,000
What total unrealized holding gain would Beresford report in its 2021 income statement relative to its investments in bonds?
A. $67,000
B. $45,950
C. $46,000
D. $31,500

Answers: 2

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Beresford Inc. purchased several investments in debt securities during 2020, its first year of opera...