Computational- Show your solution in good form 1. Information regarding Stone Co.'s portfolio of FVOCI securities is as follows: Aggregate cost as of 12/31/03 Unrealized gains as of 12/31/03 Unrealized losses as of 12/31/03 170,000 4,000 26,000 30,000 Net realized gains during 2003 At December 31, 2002, Stone reported an unrealized loss of P1,500 in other comprehensive income to reduce these securities to market. Under the accumulated other comprehensive income in stockholders' equity section of its December 31, 2003 balance sheet, what amount should Stone report?

Computational- Show your solution in good form 1. Information regarding Stone Co.'s portfolio of FVOCI securities is as follows: Aggregate cost as of 12/31/03 Unrealized gains as of 12/31/03 Unrealized losses as of 12/31/03 170,000 4,000 26,000 30,000 Net realized gains during 2003 At December 31, 2002, Stone reported an unrealized loss of P1,500 in other comprehensive income to reduce these securities to market. Under the accumulated other comprehensive income in stockholders' equity section of its December 31, 2003 balance sheet, what amount should Stone report?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter13: Marketable Securities And Derivatives

Section: Chapter Questions

Problem 20E

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